Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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 Apr 7th, 2021 at 0.10469033
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.10526473
The short-term trend has been UP since Oct 15th, 2021 at 0.10378137
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).