Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 NOKHKD
The long term trend has been DOWN since May 1st, 2018 at 0.972440
The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.945525
The short term trend has been UP since Oct 22nd, 2018 at 0.955365
Smart Scan Analysis for NOKHKD
Based on a pre-defined weighted trend formula for chart analysis, NOKHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).