Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
Bull Market Weakness (+75) - HKDKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDKRW as it may be in the beginning stages of a reversal.
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 Aug 16th, 2023 at 171.37991
The intermediate-term trend has been UP since Dec 6th, 2023 at 170.35548
The short-term trend has been DOWN since Dec 8th, 2023 at 167.07210
Smart Scan Analysis for HKDKRW
Based on our trend formula, HKDKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).