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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Sidelines Mode (-55) - HKDNOK 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 HKDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HKDNOK
The long-term trend has been UP since Apr 1st, 2024 at 138.9540
The intermediate-term trend has been DOWN since May 6th, 2024 at 138.3270
The short-term trend has been UP since May 8th, 2024 at 140.0445
Smart Scan Analysis for HKDNOK
Based on our trend formula, HKDNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 140.0105 | 140.1960 | 139.2680 | 139.5130 | -0.4975 |
| Prev. Close | Volume | Bid | Ask | Time |
| 140.0105 | 2024-05-08 12:55:27 |