Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Bull Market Weakness (+75) - SGDNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDNOK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SGDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDNOK
The long-term trend has been UP since Apr 1st, 2024 at 8.070499
The intermediate-term trend has been UP since Mar 12th, 2024 at 7.907800
The short-term trend has been UP since May 8th, 2024 at 8.073932
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.043350 | 8.045940 | 8.039683 | 8.043150 | -0.000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.043350 | 2024-05-09 00:43:52 |