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.
MarketClub’s Trade Triangles for NOKAED
The long term trend has been DOWN since May 2nd, 2018 at 0.458180
The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.443355
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).