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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)

Weak Downtrend (-65) - HKDDKK is showing signs of a strengthening downtrend. Monitor HKDDKK as it may be building momentum to the downside.

Is it time to buy, sell, or avoid HKDDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDDKK
Open High Low HKDDKK Price Change
0.8635900 0.8664407 0.8621164 0.8641975 +0.0006070
Entry Signal

MarketClub’s Trade Triangles for HKDDKK

long term up The long-term trend has been UP since Mar 19th, 2020 at 0.8914600

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2020 at 0.8758374

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.8794794

Smart Scan Analysis for HKDDKK

Based on our trend formula, HKDDKK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HKDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8635900 0.8664407 0.8621164 0.8641975 +0.0006070
Prev. Close Volume Bid Ask Time
0.8635900 0.8641424 0.8642526 2020-06-01 13:28:59
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