Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)

Bear Market Rally (-75) - NOKHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKHKD as it may be in the beginning of a reversal.

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
0.719470 0.720365 0.712800 0.716070 -0.003400
Entry Signal

MarketClub’s Trade Triangles for NOKHKD

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 0.719170

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 0.711095

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 0.725595

Smart Scan Analysis for NOKHKD

Based on our trend formula, NOKHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.719470 0.720365 0.712800 0.716070 -0.003400
Prev. Close Volume Bid Ask Time
0.719470 2023-12-08 17:07:00
Get a free daily analysis and signals for Norwegian Krone/Hong Kong Dollar (NOKHKD) - Request Your Free Report.