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Forex Trend Analysis Report

Prepared for you on Saturday, October 21, 2017.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

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.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
5.85195 5.87850 5.84780 5.86885 +0.01690
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term down The long term trend has been DOWN since Jul 11th, 2017 at 5.99635

intermediate term up The intermediate term trend has been UP since Sep 11th, 2017 at 5.82235

short term up The short term trend has been UP since Oct 16th, 2017 at 5.85615

Smart Scan Analysis for SGDNOK

Based on a pre-defined weighted trend formula for chart analysis, SGDNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.85195 5.87850 5.84780 5.86885 +0.01690
Prev. Close Volume Bid Ask Time
5.86700 5.86640 5.87130 2017-10-20 18:27:37
Want to analyze Singapore Dollar/Norwegian Krone SGDNOK or another symbol? Try our Free Forex Trend Analysis Report.