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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

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

Strong Downtrend (-100) - NOKAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKAED continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NOKAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.33486671 0.33559429 0.33263313 0.33263313 -0.00223400
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.33807454

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.34550739

short term down The short-term trend has been DOWN since Apr 26th, 2024 at 0.33334340

Smart Scan Analysis for NOKAED

Based on our trend formula, NOKAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.33486671 0.33559429 0.33263313 0.33263313 -0.00223400
Prev. Close Volume Bid Ask Time
0.33486671 2024-04-26 10:39:43
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