Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
South Korean Won/Hong Kong Dollar (FOREX:KRWHKD)
Sidelines Mode (-55) - KRWHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid KRWHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWHKD
The long-term trend has been DOWN since Jan 31st, 2020 at 0.64999500
The intermediate-term trend has been DOWN since May 21st, 2020 at 0.62737632
The short-term trend has been UP since May 26th, 2020 at 0.62745374
Smart Scan Analysis for KRWHKD
Based on our trend formula, KRWHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).