Forex Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Long-Term Downtrend (-90) - NOKAED is in a strong downtrend that is likely to continue. While NOKAED is showing intraday strength, it remains in the confines of a bearish trend. 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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKAED
The long-term trend has been DOWN since Nov 30th, 2021 at 0.40402946
The intermediate-term trend has been DOWN since Jan 24th, 2022 at 0.41170273
The short-term trend has been DOWN since Jan 18th, 2022 at 0.41841982
Smart Scan Analysis for NOKAED
Based on our trend formula, NOKAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).