Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Norwegian Krone/Hong Kong Dollar (FOREX:NOKHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NOKHKD
The long term trend has been DOWN since May 1st, 2018 at 0.972440
The intermediate term trend has been UP since Mar 18th, 2019 at 0.921855
The short term trend has been DOWN since Mar 22nd, 2019 at 0.917480
Smart Scan Analysis for NOKHKD
Based on a pre-defined weighted trend formula for chart analysis, NOKHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).