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.
MarketClub’s Trade Triangles for HKDSEK
The long-term trend has been UP since Mar 8th, 2021 at 1.1050850
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.1069357
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).