Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)
Countertrend Up (+85) - HKDINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HKDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDINR
The long-term trend has been UP since Apr 7th, 2021 at 9.550777
The intermediate-term trend has been UP since Sep 28th, 2021 at 9.500025
The short-term trend has been DOWN since Oct 20th, 2021 at 9.626373
Smart Scan Analysis for HKDINR
Based on our trend formula, HKDINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).