Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)
Bull Market Weakness (+75) - HKDINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDINR as it may be in the beginning stages of a reversal.
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 Aug 5th, 2019 at 9.002450
The intermediate-term trend has been DOWN since Apr 29th, 2020 at 9.742360
The short-term trend has been UP since May 22nd, 2020 at 9.789308
Smart Scan Analysis for HKDINR
Based on our trend formula, HKDINR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).