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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

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

Bull Market Weakness (+75) - NOKAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKAED as it may be in the beginning stages of a reversal.

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.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.34444867 0.34444867 0.34328448 0.34390771 -0.00054100
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.33807454

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 0.33933507

short term up The short-term trend has been UP since May 2nd, 2024 at 0.33450501

Smart Scan Analysis for NOKAED

Based on our trend formula, NOKAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34444867 0.34444867 0.34328448 0.34390771 -0.00054100
Prev. Close Volume Bid Ask Time
0.34444867 2024-05-22 12:45:53
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