Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
Sidelines Mode (+55) - HKDKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HKDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDKRW
The long-term trend has been UP since Jan 31st, 2020 at 153.85000
The intermediate-term trend has been UP since May 21st, 2020 at 159.30998
The short-term trend has been DOWN since May 26th, 2020 at 159.41150
Smart Scan Analysis for HKDKRW
Based on our trend formula, HKDKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).