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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)

Crossroads (+60) - INRHKD 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 INRHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_INRHKD
Open High Low INRHKD Price Change
0.10286407 0.10301190 0.10231658 0.10257092 -0.00029300
Entry Signal

MarketClub’s Trade Triangles for INRHKD

long term down The long-term trend has been DOWN since Aug 5th, 2019 at 0.11110000

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2020 at 0.10266401

short term up The short-term trend has been UP since May 26th, 2020 at 0.10246320

Smart Scan Analysis for INRHKD

Based on our trend formula, INRHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for INRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10286407 0.10301190 0.10231658 0.10257092 -0.00029300
Prev. Close Volume Bid Ask Time
0.10286407 0.10256437 0.10257746 2020-06-01 13:16:17
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