Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HKDNOK
The long term trend has been UP since May 1st, 2018 at 102.8345
The intermediate term trend has been UP since Oct 8th, 2018 at 105.7775
The short term trend has been DOWN since Oct 22nd, 2018 at 104.6715
Smart Scan Analysis for HKDNOK
Based on a pre-defined weighted trend formula for chart analysis, HKDNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).