Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 NOKHKD
The long term trend has been DOWN since May 1st, 2018 at 0.972440
The intermediate term trend has been DOWN since Jul 19th, 2018 at 0.955425
The short term trend has been UP since Aug 21st, 2018 at 0.933435
Smart Scan Analysis for NOKHKD
Based on a pre-defined weighted trend formula for chart analysis, NOKHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).