Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 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 DOWN since Jan 15th, 2018 at 100.6255
The intermediate term trend has been UP since Feb 8th, 2018 at 101.3885
The short term trend has been UP since Feb 20th, 2018 at 99.7890
Smart Scan Analysis for HKDNOK
Based on a pre-defined weighted trend formula for chart analysis, HKDNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).