Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HKDNOK
The long term trend has been DOWN since Dec 27th, 2019 at 113.6105
The intermediate term trend has been UP since Jan 20th, 2020 at 114.8000
The short term trend has been UP since Jan 8th, 2020 at 114.1150
Smart Scan Analysis for HKDNOK
Based on a pre-defined weighted trend formula for chart analysis, HKDNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).