Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)
Long-Term Downtrend (-90) - NOKHKD is in a strong downtrend that is likely to continue. While NOKHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 25th, 2022 at 0.85907
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.80293
The short-term trend has been DOWN since Jun 23rd, 2022 at 0.78508
Smart Scan Analysis for NOKHKD
Based on our trend formula, NOKHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).