Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Strong Downtrend (-100) - NOKAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKAED continues to fall. Traders should use caution and set stops.
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 Mar 2nd, 2023 at 0.35236491
The intermediate-term trend has been DOWN since Jan 31st, 2023 at 0.36657331
The short-term trend has been DOWN since Mar 15th, 2023 at 0.34362267
Smart Scan Analysis for NOKAED
Based on our trend formula, NOKAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).