Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South Korean Won/Hong Kong Dollar (FOREX:KRWHKD)
Long-Term Downtrend (-90) - KRWHKD is in a strong downtrend that is likely to continue. While KRWHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Oct 11th, 2020 at 0.64174899
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.00687667
The short-term trend has been DOWN since Feb 16th, 2021 at 0.00700220
Smart Scan Analysis for KRWHKD
Based on our trend formula, KRWHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).