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.
MarketClub’s Trade Triangles for HKDNOK
The long-term trend has been DOWN since Jul 20th, 2020 at 118.6870
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 117.7510
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).