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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.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.38689291 0.38703994 0.38632098 0.38632098 -0.00057200
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 0.39790684

intermediate term up The intermediate-term trend has been UP since May 7th, 2020 at 0.35971317

short term up 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).

+60
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38689291 0.38703994 0.38632098 0.38632098 -0.00057200
Prev. Close Volume Bid Ask Time
0.38689291 0.38608625 0.38655571 2020-06-04 03:30:35
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