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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Long-Term Uptrend (+90) - HKDNOK is in a strong uptrend that is likely to continue. While HKDNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for HKDNOK
The long-term trend has been UP since Apr 1st, 2024 at 138.9540
The intermediate-term trend has been UP since Mar 15th, 2024 at 135.9215
The short-term trend has been UP since Apr 26th, 2024 at 140.8640
Smart Scan Analysis for HKDNOK
Based on our trend formula, HKDNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 142.2835 | 142.4105 | 140.8790 | 141.0605 | -1.2230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 142.2835 | 2024-05-01 17:47:59 |