Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)
Weak Downtrend (-65) - AEDNOK is showing signs of a strengthening downtrend. Monitor AEDNOK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid AEDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDNOK
The long-term trend has been UP since Feb 3rd, 2020 at 2.5131521
The intermediate-term trend has been DOWN since May 7th, 2020 at 2.7799939
The short-term trend has been DOWN since May 26th, 2020 at 2.6906530
Smart Scan Analysis for AEDNOK
Based on our trend formula, AEDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).