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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

Strong Downtrend (-100) - HKDNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_HKDNOK
Open High Low HKDNOK Price Change
114.3595 114.4720 113.7540 114.1480 -0.2115
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term down The long-term trend has been DOWN since Jul 20th, 2020 at 118.6870

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2020 at 117.7510

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 113.7085

Smart Scan Analysis for HKDNOK

Based on our trend formula, HKDNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
114.3595 114.4720 113.7540 114.1480 -0.2115
Prev. Close Volume Bid Ask Time
114.3595 2020-12-01 09:09:04
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