Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 AEDNOK
The long term trend has been UP since May 2nd, 2018 at 2.18255
The intermediate term trend has been UP since Mar 28th, 2018 at 2.13495
The short term trend has been DOWN since May 21st, 2018 at 2.19445
Smart Scan Analysis for AEDNOK
Based on a pre-defined weighted trend formula for chart analysis, AEDNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).