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Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)
Sidelines Mode (+55) - HKDNOK 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 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.
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MarketClub’s Trade Triangles for HKDNOK
The long-term trend has been UP since Oct 2nd, 2023 at 139.0370
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 140.6035
The short-term trend has been UP since Nov 30th, 2023 at 137.8175
Smart Scan Analysis for HKDNOK
Based on our trend formula, HKDNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 138.1320 | 138.1990 | 136.3235 | 136.5495 | -1.5825 |
| Prev. Close | Volume | Bid | Ask | Time |
| 138.1320 | 2023-12-01 17:10:58 |