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Forex Trend Analysis Report

Prepared for you on Saturday, May 4, 2024.

Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)

Weak Uptrend (+65) - HKDSEK is showing signs of weakening momentum to the upside. Monitor HKDSEK as it may be in the beginning stages of a reversal.

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
1.3892718 1.3909047 1.3743850 1.3840283 -0.0052430
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term up The long-term trend has been UP since Mar 28th, 2024 at 1.3708127

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 1.3299800

short term down The short-term trend has been DOWN since May 2nd, 2024 at 1.3897934

Smart Scan Analysis for HKDSEK

Based on our trend formula, HKDSEK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3892718 1.3909047 1.3743850 1.3840283 -0.0052430
Prev. Close Volume Bid Ask Time
1.3892718 2024-05-03 17:02:38
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