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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.

FOREX_NOKAED
Open High Low NOKAED Price Change
0.40666068 0.40788483 0.40522159 0.40565699 -0.00100400
Entry Signal

MarketClub’s Trade Triangles for NOKAED

long term up The long-term trend has been UP since Jun 10th, 2020 at 0.39809502

intermediate term up The intermediate-term trend has been UP since Jul 6th, 2020 at 0.38883193

short term up 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).

+90
Smart Scan Analysis for NOKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.40666068 0.40788483 0.40522159 0.40565699 -0.00100400
Prev. Close Volume Bid Ask Time
0.40666068 0.40542275 0.40589123 2020-08-07 16:35:49
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