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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.

FOREX_HKDSEK
Open High Low HKDSEK Price Change
1.2256398 1.2264152 1.2134623 1.2162635 -0.0093760
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term up The long-term trend has been UP since Feb 10th, 2020 at 1.2467331

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2020 at 1.2772732

short term down 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).

-60
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2256398 1.2264152 1.2134623 1.2162635 -0.0093760
Prev. Close Volume Bid Ask Time
1.2256398 1.2145305 1.2179964 2020-05-29 17:08:55
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