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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Singapore Dollar/Danish Krone (FOREX:SGDDKK)
Sidelines Mode (+55) - SGDDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDDKK.
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 SGDDKK
The long-term trend has been UP since Apr 16th, 2024 at 5.1687981
The intermediate-term trend has been UP since Apr 11th, 2024 at 5.1425500
The short-term trend has been DOWN since Apr 17th, 2024 at 5.1368687
Smart Scan Analysis for SGDDKK
Based on our trend formula, SGDDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.1249300 | 5.1310014 | 5.1187053 | 5.1237500 | -0.0011800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.1249300 | 2024-04-24 11:11:22 |