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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)
Countertrend Down (-85) - NOKHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 1st, 2024 at 0.720255
The intermediate-term trend has been DOWN since Oct 8th, 2024 at 0.725280
The short-term trend has been UP since Nov 15th, 2024 at 0.704965
Smart Scan Analysis for NOKHKD
Based on our trend formula, NOKHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.704220 | 0.706260 | 0.701355 | 0.702760 | -0.001460 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.704220 | 2024-11-21 23:29:54 |