Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HKDNOK
The long term trend has been UP since May 1st, 2018 at 102.8345
The intermediate term trend has been UP since Feb 8th, 2019 at 109.6965
The short term trend has been DOWN since Feb 13th, 2019 at 109.8915
Smart Scan Analysis for HKDNOK
Based on a pre-defined weighted trend formula for chart analysis, HKDNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).