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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

Open High Low SGDNOK Price Change
5.94560 5.95110 5.93825 5.94845 +0.00285
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term down The long term trend has been DOWN since Jul 5th, 2018 at 5.9062

intermediate term down The intermediate term trend has been DOWN since Jun 12th, 2018 at 5.9998

short term up The short term trend has been UP since Jul 10th, 2018 at 5.9335

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).

Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.94560 5.95110 5.93825 5.94845 +0.00285
Prev. Close Volume Bid Ask Time
5.94560 5.94790 5.94900 2018-07-16 04:43:15
Want to analyze Singapore Dollar/Norwegian Krone SGDNOK or another symbol? Try our Free Forex Trend Analysis Report.