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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.428860 0.428860 0.425440 0.426025 -0.002835
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long term trend has been DOWN since May 2nd, 2018 at 0.458180

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.443355

short term up The short term trend has been UP since Dec 10th, 2018 at 0.433170

Smart Scan Analysis for NOKAED

Based on a pre-defined weighted trend formula for chart analysis, NOKAED scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.428860 0.428860 0.425440 0.426025 -0.002835
Prev. Close Volume Bid Ask Time
0.428860 0.425770 0.426280 2018-12-14 12:20:27
Want to analyze Norwegian Krone/United Arab Emirates Dirham NOKAED or another symbol? Try our Free Forex Trend Analysis Report.