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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)
Countertrend Up (+85) - HKDSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for HKDSEK
The long-term trend has been UP since Nov 1st, 2024 at 1.3794777
The intermediate-term trend has been UP since Oct 2nd, 2024 at 1.3356170
The short-term trend has been DOWN since Nov 18th, 2024 at 1.4042005
Smart Scan Analysis for HKDSEK
Based on our trend formula, HKDSEK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.4038408 | 1.4077808 | 1.4025208 | 1.4071948 | +0.0033540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.4038408 | 2024-11-20 03:35:37 |