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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

Sidelines Mode (+55) - HKDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
135.0120 135.7330 134.9615 135.4170 +0.4050
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term up The long-term trend has been UP since Apr 1st, 2024 at 138.9540

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 137.5815

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 136.2495

Smart Scan Analysis for HKDNOK

Based on our trend formula, HKDNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
135.0120 135.7330 134.9615 135.4170 +0.4050
Prev. Close Volume Bid Ask Time
135.0120 2024-06-21 16:59:49
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