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Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Singapore Dollar/Danish Krone (FOREX:SGDDKK)
Crossroads (+60) - SGDDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDDKK
The long-term trend has been DOWN since Nov 15th, 2022 at 5.2240996
The intermediate-term trend has been UP since Jul 25th, 2023 at 5.0790479
The short-term trend has been UP since Sep 22nd, 2023 at 5.1306256
Smart Scan Analysis for SGDDKK
Based on our trend formula, SGDDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.1213393 | 5.1393642 | 5.1174252 | 5.1283495 | +0.0070100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.1213393 | 2023-09-22 10:37:24 |