Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
South Korean Won/Hong Kong Dollar (FOREX:KRWHKD)
Countertrend Down (-85) - KRWHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid KRWHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWHKD
The long-term trend has been DOWN since Jan 31st, 2020 at 0.64999500
The intermediate-term trend has been DOWN since May 21st, 2020 at 0.62737632
The short-term trend has been UP since May 26th, 2020 at 0.62745374
Smart Scan Analysis for KRWHKD
Based on our trend formula, KRWHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).