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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.

Open High Low HKDNOK Price Change
102.8615 103.1550 102.8285 103.1550 +0.2935
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term up The long term trend has been UP since May 1st, 2018 at 102.8345

intermediate term up The intermediate term trend has been UP since Mar 28th, 2018 at 100.2265

short term down 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).

Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
102.8615 103.1550 102.8285 103.1550 +0.2935
Prev. Close Volume Bid Ask Time
102.8615 103.1360 103.1740 2018-05-23 04:35:36
Want to analyze Hong Kong Dollar/Norwegian Krone HKDNOK or another symbol? Try our Free Forex Trend Analysis Report.