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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)

Crossroads (-60) - HKDKRW is struggling to move into a solid trend. Beware of choppy markets 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
173.73059 174.14662 173.70834 174.08541 +0.35482
Entry Signal

MarketClub’s Trade Triangles for HKDKRW

long term up The long-term trend has been UP since Mar 27th, 2024 at 172.53428

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 172.57957

short term down The short-term trend has been DOWN since May 27th, 2024 at 174.22790

Smart Scan Analysis for HKDKRW

Based on our trend formula, HKDKRW is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
173.73059 174.14662 173.70834 174.08541 +0.35482
Prev. Close Volume Bid Ask Time
173.73059 2024-05-28 05:53:15
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