Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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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 DOWN since Oct 1st, 2019 at 0.40324
The short term trend has been DOWN since Oct 15th, 2019 at 0.40185
Smart Scan Analysis for NOKAED
Based on a pre-defined weighted trend formula for chart analysis, NOKAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.40061442 | 0.40130616 | 0.39936302 | 0.40006853 | -0.00054600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.40061442 | 0.39982379 | 0.40031326 | 2019-10-17 18:24:11 |