Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Strong Downtrend (-100) - HKDNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HKDNOK continues to fall. 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 Jul 17th, 2023 at 130.5390
The intermediate-term trend has been DOWN since Sep 29th, 2023 at 135.4655
The short-term trend has been DOWN since Sep 27th, 2023 at 137.1465
Smart Scan Analysis for HKDNOK
Based on our trend formula, HKDNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).