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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

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

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

FOREX_AEDNOK
Open High Low AEDNOK Price Change
2.4347857 2.4490994 2.4330265 2.4484188 +0.0136330
Entry Signal

MarketClub’s Trade Triangles for AEDNOK

long term down The long term trend has been DOWN since Dec 27th, 2019 at 2.4227000

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 2.4276932

short term up The short term trend has been UP since Jan 17th, 2020 at 2.4237467

Smart Scan Analysis for AEDNOK

Based on a pre-defined weighted trend formula for chart analysis, AEDNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for AEDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4347857 2.4490994 2.4330265 2.4484188 +0.0136330
Prev. Close Volume Bid Ask Time
2.4347857 2.4469150 2.4499226 2020-01-21 21:00:33
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