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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.

FOREX_INRHKD
Open High Low INRHKD Price Change
0.10721358 0.10722411 0.10652538 0.10658856 -0.00062500
Entry Signal

MarketClub’s Trade Triangles for INRHKD

long term up The long-term trend has been UP since Aug 24th, 2020 at 0.10474946

intermediate term up The intermediate-term trend has been UP since Dec 25th, 2020 at 0.10566995

short term down 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).

+55
Smart Scan Analysis for INRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10721358 0.10722411 0.10652538 0.10658856 -0.00062500
Prev. Close Volume Bid Ask Time
0.10721358 2021-02-25 17:04:39
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