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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)

Crossroads (+60) - HKDSEK 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 HKDSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDSEK
Open High Low HKDSEK Price Change
1.3604337 1.3696455 1.3588384 1.3662140 +0.0057800
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term down The long-term trend has been DOWN since Aug 19th, 2024 at 1.3167982

intermediate term up The intermediate-term trend has been UP since Oct 2nd, 2024 at 1.3356170

short term up The short-term trend has been UP since Sep 30th, 2024 at 1.3075609

Smart Scan Analysis for HKDSEK

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

+60
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3604337 1.3696455 1.3588384 1.3662140 +0.0057800
Prev. Close Volume Bid Ask Time
1.3604337 2024-10-25 17:09:45
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