Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Feb 14th, 2017 at 2.28615
The short term trend has been DOWN since Apr 24th, 2017 at 2.31880
Smart Scan Analysis for AEDNOK
Based on a pre-defined weighted trend formula for chart analysis, AEDNOK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).