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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)

Bear Market Rally (-75) - NOKAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKAED as it may be in the beginning of a reversal.

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.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.33227875 0.33227875 0.33193537 0.33193537 -0.00034300
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long-term trend has been DOWN since Nov 5th, 2024 at 0.33180192

intermediate term down The intermediate-term trend has been DOWN since Oct 8th, 2024 at 0.34334753

short term up The short-term trend has been UP since Nov 29th, 2024 at 0.33334192

Smart Scan Analysis for NOKAED

Based on our trend formula, NOKAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.33227875 0.33227875 0.33193537 0.33193537 -0.00034300
Prev. Close Volume Bid Ask Time
0.33227875 2024-12-04 01:21:23
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