Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Crossroads (+60) - NOKAED 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 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.
MarketClub’s Trade Triangles for NOKAED
The long-term trend has been DOWN since Feb 3rd, 2020 at 0.39790684
The intermediate-term trend has been UP since May 7th, 2020 at 0.35971317
The short-term trend has been UP since May 26th, 2020 at 0.37165714
Smart Scan Analysis for NOKAED
Based on our trend formula, NOKAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).