Forex Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.
MarketClub’s Trade Triangles for AEDNOK
The long term trend has been UP since Nov 17th, 2016 at 2.31825
The intermediate term trend has been DOWN since May 16th, 2017 at 2.31805
The short term trend has been DOWN since May 10th, 2017 at 2.34855
Smart Scan Analysis for AEDNOK
Based on a pre-defined weighted trend formula for chart analysis, AEDNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).