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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.

FOREX_HKDNOK
Open High Low HKDNOK Price Change
107.3945 107.7545 106.9985 107.6465 +0.2520
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 109.7445

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 109.8635

short term down 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).

-90
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
107.3945 107.7545 106.9985 107.6465 +0.2520
Prev. Close Volume Bid Ask Time
107.3945 2021-10-26 13:03:36
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