Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Mar 28th, 2018 at 100.2265
The short term trend has been DOWN since May 21st, 2018 at 102.6775
Smart Scan Analysis for HKDNOK
Based on a pre-defined weighted trend formula for chart analysis, HKDNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).