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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

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.

FOREX_NOKHKD
Open High Low NOKHKD Price Change
0.740675 0.740955 0.736740 0.738520 -0.002155
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 Jun 10th, 2024 at 0.726845

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.733950

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).

-55
Smart Scan Analysis for NOKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.740675 0.740955 0.736740 0.738520 -0.002155
Prev. Close Volume Bid Ask Time
0.740675 2024-06-21 16:59:55
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