Forex Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
Long-Term Downtrend (-90) - HKDKRW is in a strong downtrend that is likely to continue. While HKDKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Dec 4th, 2022 at 166.09138
The intermediate-term trend has been DOWN since Nov 2nd, 2022 at 179.70560
The short-term trend has been DOWN since Jan 5th, 2023 at 162.00334
Smart Scan Analysis for HKDKRW
Based on our trend formula, HKDKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).