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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
Sidelines Mode (-50) - HKDKRW is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HKDKRW can gain momentum.
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.
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MarketClub’s Trade Triangles for HKDKRW
The long-term trend has been UP since Mar 27th, 2024 at 172.53428
The intermediate-term trend has been DOWN since Jul 11th, 2024 at 176.11361
The short-term trend has been DOWN since Jul 23rd, 2024 at 177.17097
Smart Scan Analysis for HKDKRW
Based on our trend formula, HKDKRW is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 177.53569 | 177.72511 | 177.17920 | 177.38979 | -0.14590 |
| Prev. Close | Volume | Bid | Ask | Time |
| 177.53569 | 2024-07-26 20:21:46 |