Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Norwegian Krone/Singapore Dollar (FOREX:NOKSGD)
Bear Market Rally (-75) - NOKSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKSGD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for NOKSGD
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.1251970
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.1241605
The short-term trend has been DOWN since Nov 29th, 2023 at 0.1246515
Smart Scan Analysis for NOKSGD
Based on our trend formula, NOKSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).