Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 0.45818
The intermediate term trend has been UP since Mar 18th, 2019 at 0.43100
The short term trend has been DOWN since Mar 22nd, 2019 at 0.42941
Smart Scan Analysis for NOKAED
Based on a pre-defined weighted trend formula for chart analysis, NOKAED scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).