Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
Sidelines Mode (-55) - HKDKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HKDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDKRW
The long-term trend has been UP since Mar 3rd, 2021 at 145.59936
The intermediate-term trend has been DOWN since Oct 20th, 2021 at 150.84419
The short-term trend has been UP since Oct 18th, 2021 at 152.78230
Smart Scan Analysis for HKDKRW
Based on our trend formula, HKDKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).