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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)

Crossroads (-60) - HKDINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_HKDINR
Open High Low HKDINR Price Change
10.638137 10.648487 10.632478 10.646620 +0.008483
Entry Signal

MarketClub’s Trade Triangles for HKDINR

long term up The long-term trend has been UP since Apr 30th, 2024 at 10.708792

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2024 at 10.643369

short term down The short-term trend has been DOWN since May 23rd, 2024 at 10.660588

Smart Scan Analysis for HKDINR

Based on our trend formula, HKDINR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.638137 10.648487 10.632478 10.646620 +0.008483
Prev. Close Volume Bid Ask Time
10.638137 2024-05-27 07:47:16
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