Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)
Bear Market Rally (-75) - HKDINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDINR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for HKDINR
The long-term trend has been DOWN since Jul 5th, 2020 at 9.618546
The intermediate-term trend has been UP since Oct 26th, 2020 at 9.534562
The short-term trend has been DOWN since Nov 16th, 2020 at 9.594238
Smart Scan Analysis for HKDINR
Based on our trend formula, HKDINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).