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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.

FOREX_HKDKRW
Open High Low HKDKRW Price Change
157.08749 157.10728 157.08749 157.10728 +0.01979
Entry Signal

MarketClub’s Trade Triangles for HKDKRW

long term down The long-term trend has been DOWN since Dec 4th, 2022 at 166.09138

intermediate term down The intermediate-term trend has been DOWN since Nov 2nd, 2022 at 179.70560

short term down 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).

-90
Smart Scan Analysis for HKDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
157.08749 157.10728 157.08749 157.10728 +0.01979
Prev. Close Volume Bid Ask Time
157.08749 2023-01-28 04:19:36
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