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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)

Strong Downtrend (-100) - HKDSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1.1032894 1.1050850 1.0983329 1.0998744 -0.0034150
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 1.1987800

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 1.1212281

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 1.0936967

Smart Scan Analysis for HKDSEK

Based on our trend formula, HKDSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1032894 1.1050850 1.0983329 1.0998744 -0.0034150
Prev. Close Volume Bid Ask Time
1.1032894 2020-12-01 10:01:06
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