Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 NOKAED
The long term trend has been DOWN since May 2nd, 2018 at 0.458180
The intermediate term trend has been UP since Jun 4th, 2019 at 0.422965
The short term trend has been DOWN since Jul 16th, 2019 at 0.429250
Smart Scan Analysis for NOKAED
Based on a pre-defined weighted trend formula for chart analysis, NOKAED scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).