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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Norwegian Krone/Singapore Dollar (FOREX:NOKSGD)

Long-Term Downtrend (-90) - NOKSGD is in a strong downtrend that is likely to continue. While NOKSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NOKSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKSGD
Open High Low NOKSGD Price Change
0.1236235 0.1239155 0.1232420 0.1238515 +0.0002280
Entry Signal

MarketClub’s Trade Triangles for NOKSGD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.1241485

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.1264580

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.1252905

Smart Scan Analysis for NOKSGD

Based on our trend formula, NOKSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1236235 0.1239155 0.1232420 0.1238515 +0.0002280
Prev. Close Volume Bid Ask Time
0.1236235 2024-04-22 15:00:10
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