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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_HKDSEK
Open High Low HKDSEK Price Change
1.2122820 1.2155600 1.2091484 1.2130896 +0.0008080
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 1.2171585

intermediate term down The intermediate term trend has been DOWN since Dec 2nd, 2019 at 1.2188218

short term up The short term trend has been UP since Dec 2nd, 2019 at 1.2239411

Smart Scan Analysis for HKDSEK

Based on a pre-defined weighted trend formula for chart analysis, HKDSEK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2122820 1.2155600 1.2091484 1.2130896 +0.0008080
Prev. Close Volume Bid Ask Time
1.2122820 1.2125121 1.2136670 2019-12-06 16:59:59
Want to analyze Hong Kong Dollar/Swedish Krona HKDSEK or another symbol? Try our Free Forex Trend Analysis Report.