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Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

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, HKDNOK 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.

FOREX_HKDNOK
Open High Low HKDNOK Price Change
136.8305 136.9670 136.4620 136.7860 -0.0445
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term down The long-term trend has been DOWN since Jul 17th, 2023 at 130.5390

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2023 at 135.4655

short term down The short-term trend has been DOWN since Sep 27th, 2023 at 137.1465

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).

-100
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
136.8305 136.9670 136.4620 136.7860 -0.0445
Prev. Close Volume Bid Ask Time
136.8305 2023-10-01 20:21:20
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