Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)
Crossroads (+60) - AEDNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Dec 16th, 2020 at 2.3616621
The intermediate-term trend has been UP since Feb 26th, 2021 at 2.3552195
The short-term trend has been UP since Mar 5th, 2021 at 2.3477838
Smart Scan Analysis for AEDNOK
Based on our trend formula, AEDNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).