Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
Countertrend Down (-85) - INRHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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 DOWN since Dec 27th, 2019 at 0.10900866
The short-term trend has been UP since Mar 26th, 2020 at 0.10359132
Smart Scan Analysis for INRHKD
Based on our trend formula, INRHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).