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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)

Weak Downtrend (-65) - NOKHKD is showing signs of a strengthening downtrend. Monitor NOKHKD as it may be building momentum to the downside.

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
0.708415 0.708790 0.706120 0.706435 -0.001980
Entry Signal

MarketClub’s Trade Triangles for NOKHKD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.720255

intermediate term down The intermediate-term trend has been DOWN since Oct 8th, 2024 at 0.725280

short term up The short-term trend has been UP since Nov 15th, 2024 at 0.704965

Smart Scan Analysis for NOKHKD

Based on our trend formula, NOKHKD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NOKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.708415 0.708790 0.706120 0.706435 -0.001980
Prev. Close Volume Bid Ask Time
0.708415 2024-11-20 03:52:16
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