Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

Bull Market Weakness (+75) - HKDNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
124.2460 125.1775 124.1395 125.0815 +0.8355
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term up The long-term trend has been UP since Apr 25th, 2022 at 116.3965

intermediate term down The intermediate-term trend has been DOWN since Jul 25th, 2022 at 124.9295

short term up The short-term trend has been UP since Aug 15th, 2022 at 122.6340

Smart Scan Analysis for HKDNOK

Based on our trend formula, HKDNOK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
124.2460 125.1775 124.1395 125.0815 +0.8355
Prev. Close Volume Bid Ask Time
124.2460 2022-08-19 15:31:52
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