Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)
Sidelines Mode (-55) - HKDSEK 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 HKDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDSEK
The long-term trend has been DOWN since Jun 2nd, 2020 at 1.1987800
The intermediate-term trend has been DOWN since Feb 21st, 2021 at 1.0646502
The short-term trend has been UP since Feb 26th, 2021 at 1.0750364
Smart Scan Analysis for HKDSEK
Based on our trend formula, HKDSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).