Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Norwegian Krone/United Arab Emirates Dirham (FOREX:NOKAED)
Long-Term Uptrend (+90) - NOKAED is in a strong uptrend that is likely to continue. While NOKAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jun 10th, 2020 at 0.39809502
The intermediate-term trend has been UP since Jul 6th, 2020 at 0.38883193
The short-term trend has been UP since Aug 5th, 2020 at 0.40600860
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).