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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.

Open High Low HKDNOK Price Change
110.3430 110.6545 109.9750 110.0865 -0.2565
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term up The long term trend has been UP since May 1st, 2018 at 102.8345

intermediate term up The intermediate term trend has been UP since Feb 8th, 2019 at 109.6965

short term down 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).

Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
110.3430 110.6545 109.9750 110.0865 -0.2565
Prev. Close Volume Bid Ask Time
110.3430 109.9840 110.1890 2019-02-15 18:24:27
Want to analyze Hong Kong Dollar/Norwegian Krone HKDNOK or another symbol? Try our Free Forex Trend Analysis Report.