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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)

Weak Downtrend (-65) - INRHKD is showing signs of a strengthening downtrend. Monitor INRHKD as it may be building momentum to the downside.

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.

FOREX_INRHKD
Open High Low INRHKD Price Change
0.10519870 0.10557949 0.10496585 0.10556425 +0.00036600
Entry Signal

MarketClub’s Trade Triangles for INRHKD

long term down The long-term trend has been DOWN since Apr 7th, 2021 at 0.10469033

intermediate term down The intermediate-term trend has been DOWN since Mar 30th, 2021 at 0.10581860

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 0.10358530

Smart Scan Analysis for INRHKD

Based on our trend formula, INRHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for INRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10519870 0.10557949 0.10496585 0.10556425 +0.00036600
Prev. Close Volume Bid Ask Time
0.10519870 2021-05-06 14:44:00
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