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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

Weak Downtrend (-65) - HKDNOK is showing signs of a strengthening downtrend. Monitor HKDNOK as it may be building momentum to the downside.

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
126.0840 126.1150 124.8640 125.3595 -0.7245
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term up The long-term trend has been UP since Jan 30th, 2020 at 118.6850

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 131.2870

short term down The short-term trend has been DOWN since May 26th, 2020 at 128.7355

Smart Scan Analysis for HKDNOK

Based on our trend formula, HKDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
126.0840 126.1150 124.8640 125.3595 -0.7245
Prev. Close Volume Bid Ask Time
126.0840 125.0470 125.6720 2020-05-29 17:08:56
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