Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AEDNOK
The long term trend has been UP since May 2nd, 2018 at 2.18255
The intermediate term trend has been DOWN since Mar 18th, 2019 at 2.32020
The short term trend has been DOWN since Mar 11th, 2019 at 2.35835
Smart Scan Analysis for AEDNOK
Based on a pre-defined weighted trend formula for chart analysis, AEDNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).