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Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Sidelines Mode (+55) - NOKAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOKAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKAED
The long-term trend has been DOWN since Apr 25th, 2022 at 0.40506612
The intermediate-term trend has been UP since Jul 25th, 2022 at 0.37426828
The short-term trend has been DOWN since Aug 5th, 2022 at 0.37504086
Smart Scan Analysis for NOKAED
Based on our trend formula, NOKAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.37537498 | 0.37768371 | 0.37529236 | 0.37745641 | +0.00208100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.37537498 | 2022-08-08 14:19:05 |