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Forex Trend Analysis Report

Prepared for you on Monday, April 19, 2021.

Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)

Countertrend Up (+85) - HKDINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
9.600355 9.652745 9.600355 9.639743 +0.039388
Entry Signal

MarketClub’s Trade Triangles for HKDINR

long term up The long-term trend has been UP since Apr 7th, 2021 at 9.550777

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2021 at 9.450017

short term down The short-term trend has been DOWN since Apr 16th, 2021 at 9.613128

Smart Scan Analysis for HKDINR

Based on our trend formula, HKDINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.600355 9.652745 9.600355 9.639743 +0.039388
Prev. Close Volume Bid Ask Time
9.600355 2021-04-19 16:45:59
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