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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

Crossroads (+60) - HKDNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HKDNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDNOK
Open High Low HKDNOK Price Change
111.1965 111.2635 110.5515 110.6295 -0.5670
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term down The long-term trend has been DOWN since Jul 20th, 2020 at 118.6870

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2021 at 111.6195

short term up The short-term trend has been UP since Feb 26th, 2021 at 110.2825

Smart Scan Analysis for HKDNOK

Based on our trend formula, HKDNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
111.1965 111.2635 110.5515 110.6295 -0.5670
Prev. Close Volume Bid Ask Time
111.1965 2021-03-01 03:03:28
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