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.
MarketClub’s Trade Triangles for NOKHKD
The long-term trend has been DOWN since Oct 2nd, 2023 at 0.719170
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.711095
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).