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.
MarketClub’s Trade Triangles for NOKHKD
The long-term trend has been DOWN since Jan 30th, 2020 at 0.84257
The intermediate-term trend has been UP since May 11th, 2020 at 0.76177
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).