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Forex Trend Analysis Report
Prepared for you on Thursday, May 19, 2022.
Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)
Long-Term Downtrend (-90) - NOKHKD is in a strong downtrend that is likely to continue. While NOKHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for NOKHKD
The long-term trend has been DOWN since Apr 25th, 2022 at 0.859070
The intermediate-term trend has been DOWN since Apr 13th, 2022 at 0.885335
The short-term trend has been DOWN since May 18th, 2022 at 0.797255
Smart Scan Analysis for NOKHKD
Based on our trend formula, NOKHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.798415 | 0.812905 | 0.794415 | 0.810880 | +0.012465 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.798415 | 2022-05-19 18:01:20 |