Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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 Dec 16th, 2020 at 0.42343075
The intermediate-term trend has been UP since Apr 14th, 2021 at 0.43467034
The short-term trend has been UP since Apr 14th, 2021 at 0.43416398
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).