Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
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.
MarketClub’s Trade Triangles for HKDNOK
The long-term trend has been DOWN since Jul 20th, 2020 at 118.6870
The intermediate-term trend has been UP since Feb 26th, 2021 at 111.6195
The short-term trend has been UP since Feb 26th, 2021 at 110.2825
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).