Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Long-Term Downtrend (-90) - HKDNOK is in a strong downtrend that is likely to continue. While HKDNOK is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for HKDNOK
The long-term trend has been DOWN since Oct 8th, 2021 at 109.7445
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 109.8635
The short-term trend has been DOWN since Oct 11th, 2021 at 109.3725
Smart Scan Analysis for HKDNOK
Based on our trend formula, HKDNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).