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.
MarketClub’s Trade Triangles for HKDNOK
The long-term trend has been UP since Jan 30th, 2020 at 118.6850
The intermediate-term trend has been DOWN since May 11th, 2020 at 131.2870
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).