Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SGDNOK
The long term trend has been UP since Aug 17th, 2018 at 6.18070
The intermediate term trend has been DOWN since Sep 10th, 2018 at 6.07915
The short term trend has been UP since Sep 20th, 2018 at 6.00095
Smart Scan Analysis for SGDNOK
Based on a pre-defined weighted trend formula for chart analysis, SGDNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).