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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)

Sidelines Mode (-55) - NOKHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NOKHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKHKD
Open High Low NOKHKD Price Change
0.774735 0.775250 0.770520 0.771005 -0.003730
Entry Signal

MarketClub’s Trade Triangles for NOKHKD

long term down The long-term trend has been DOWN since Jan 30th, 2020 at 0.84257

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 0.76177

short term down The short-term trend has been DOWN since May 22nd, 2020 at 0.77012

Smart Scan Analysis for NOKHKD

Based on our trend formula, NOKHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.774735 0.775250 0.770520 0.771005 -0.003730
Prev. Close Volume Bid Ask Time
0.774735 0.770810 0.771200 2020-05-25 14:45:22
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