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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.

FOREX_AEDNOK
Open High Low AEDNOK Price Change
2.6237733 2.6237733 2.6192967 2.6192967 -0.0044770
Entry Signal

MarketClub’s Trade Triangles for AEDNOK

long term up The long-term trend has been UP since Feb 3rd, 2020 at 2.5131521

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2020 at 2.7799939

short term down 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).

-70
Smart Scan Analysis for AEDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6237733 2.6237733 2.6192967 2.6192967 -0.0044770
Prev. Close Volume Bid Ask Time
2.6237733 2.6176952 2.6208981 2020-06-02 01:31:57
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