Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)
Crossroads (-60) - HKDSEK is struggling to move into a solid trend. Beware of choppy markets 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 UP since Feb 10th, 2020 at 1.2467331
The intermediate-term trend has been DOWN since Apr 28th, 2020 at 1.2772732
The short-term trend has been DOWN since May 26th, 2020 at 1.2431214
Smart Scan Analysis for HKDSEK
Based on our trend formula, HKDSEK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).