Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)
Long-Term Uptrend (+90) - AEDNOK is in a strong uptrend that is likely to continue. While AEDNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jan 20th, 2020 at 2.4276932
The short-term trend has been UP since Feb 17th, 2020 at 2.5237347
Smart Scan Analysis for AEDNOK
Based on our trend formula, AEDNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).