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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.

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FOREX_NOKAED
Open High Low NOKAED Price Change
0.34418287 0.34418287 0.34374645 0.34374645 -0.00043600
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long-term trend has been DOWN since Mar 2nd, 2023 at 0.35236491

intermediate term down The intermediate-term trend has been DOWN since Jan 31st, 2023 at 0.36657331

short term down 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).

-100
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34418287 0.34418287 0.34374645 0.34374645 -0.00043600
Prev. Close Volume Bid Ask Time
0.34418287 2023-03-21 02:28:05
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