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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Norwegian Krone/Singapore Dollar (FOREX:NOKSGD)

Strong Downtrend (-100) - NOKSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKSGD continues to fall. 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.

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FOREX_NOKSGD
Open High Low NOKSGD Price Change
0.1196570 0.1196890 0.1190710 0.1193215 -0.0003360
Entry Signal

MarketClub’s Trade Triangles for NOKSGD

long term down The long-term trend has been DOWN since Jul 22nd, 2024 at 0.1225405

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2024 at 0.1201900

short term down The short-term trend has been DOWN since Dec 17th, 2024 at 0.1204190

Smart Scan Analysis for NOKSGD

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

-100
Smart Scan Analysis for NOKSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1196570 0.1196890 0.1190710 0.1193215 -0.0003360
Prev. Close Volume Bid Ask Time
0.1196570 2024-12-26 06:53:14
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