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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)

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

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
10.632029 10.641352 10.627399 10.640004 +0.007975
Entry Signal

MarketClub’s Trade Triangles for HKDINR

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 10.560461

intermediate term up The intermediate-term trend has been UP since Mar 11th, 2024 at 10.643413

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 10.661178

Smart Scan Analysis for HKDINR

Based on our trend formula, HKDINR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HKDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.632029 10.641352 10.627399 10.640004 +0.007975
Prev. Close Volume Bid Ask Time
10.632029 2024-04-24 09:44:11
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