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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 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.

FOREX_HKDSEK
Open High Low HKDSEK Price Change
1.1072591 1.1100894 1.1045804 1.1079535 +0.0006940
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term up The long-term trend has been UP since Mar 8th, 2021 at 1.1050850

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.1069357

short term up The short-term trend has been UP since Oct 26th, 2021 at 1.1096167

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).

-55
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1072591 1.1100894 1.1045804 1.1079535 +0.0006940
Prev. Close Volume Bid Ask Time
1.1072591 2021-10-26 14:21:03
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