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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.
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MarketClub’s Trade Triangles for INRHKD
The long-term trend has been DOWN since Aug 5th, 2019 at 0.11110000
The intermediate-term trend has been UP since Apr 29th, 2020 at 0.10266401
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).
| 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 |