Forex Trend Analysis Report
Prepared for you on Saturday, August 19, 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 DOWN since Jul 12th, 2017 at 2.26510
The intermediate term trend has been DOWN since Jul 3rd, 2017 at 2.27450
The short term trend has been DOWN since Aug 17th, 2017 at 2.15665
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).