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.
MarketClub’s Trade Triangles for SGDNOK
The long term trend has been DOWN since Jul 11th, 2017 at 5.99635
The intermediate term trend has been UP since Sep 11th, 2017 at 5.82235
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).