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.
MarketClub’s Trade Triangles for INRHKD
The long-term trend has been DOWN since Apr 7th, 2021 at 0.10469033
The intermediate-term trend has been DOWN since Mar 30th, 2021 at 0.10581860
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).