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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.

FOREX_HKDKRW
Open High Low HKDKRW Price Change
158.07020 158.26643 156.99586 157.15816 -0.91204
Entry Signal

MarketClub’s Trade Triangles for HKDKRW

long term up The long-term trend has been UP since Jan 31st, 2020 at 153.85000

intermediate term up The intermediate-term trend has been UP since May 21st, 2020 at 159.30998

short term down 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).

+55
Smart Scan Analysis for HKDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
158.07020 158.26643 156.99586 157.15816 -0.91204
Prev. Close Volume Bid Ask Time
158.07020 157.13945 157.17686 2020-06-02 13:35:25
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