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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.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.37537498 0.37768371 0.37529236 0.37745641 +0.00208100
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long-term trend has been DOWN since Apr 25th, 2022 at 0.40506612

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 0.37426828

short term down 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).

+55
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways 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
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