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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

Weak Uptrend (+65) - HKDNOK is showing signs of weakening momentum to the upside. Monitor HKDNOK as it may be in the beginning stages of a reversal.

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
141.1605 141.5165 141.0845 141.4495 +0.2890
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term up The long-term trend has been UP since Apr 1st, 2024 at 138.954

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2024 at 137.833

short term down The short-term trend has been DOWN since Nov 15th, 2024 at 141.851

Smart Scan Analysis for HKDNOK

Based on our trend formula, HKDNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
141.1605 141.5165 141.0845 141.4495 +0.2890
Prev. Close Volume Bid Ask Time
141.1605 2024-11-20 03:36:42
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