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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
Sidelines Mode (+50) - INRHKD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until INRHKD can gain momentum.
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 Apr 30th, 2024 at 0.09335899
The intermediate-term trend has been UP since Nov 1st, 2024 at 0.09283140
The short-term trend has been UP since Nov 13th, 2024 at 0.09222361
Smart Scan Analysis for INRHKD
Based on our trend formula, INRHKD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09221398 | 0.09226214 | 0.09217091 | 0.09223154 | +0.00001800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09221398 | 2024-11-20 03:48:40 |