Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
Sidelines Mode (+55) - INRHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid INRHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRHKD
The long-term trend has been UP since Aug 24th, 2020 at 0.10474946
The intermediate-term trend has been UP since Dec 25th, 2020 at 0.10566995
The short-term trend has been DOWN since Feb 25th, 2021 at 0.10674145
Smart Scan Analysis for INRHKD
Based on our trend formula, INRHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).