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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.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.41185206 0.41258061 0.40723464 0.40875991 -0.00309200
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term down The long-term trend has been DOWN since Nov 30th, 2021 at 0.40402946

intermediate term down The intermediate-term trend has been DOWN since Jan 24th, 2022 at 0.41170273

short term down 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).

-90
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.41185206 0.41258061 0.40723464 0.40875991 -0.00309200
Prev. Close Volume Bid Ask Time
0.41185206 2022-01-24 18:19:47
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