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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Singapore Dollar/Danish Krone (FOREX:SGDDKK)

Bear Market Rally (-75) - SGDDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDDKK as it may be in the beginning of a reversal.

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.

FOREX_SGDDKK
Open High Low SGDDKK Price Change
4.7656986 4.7678337 4.7627561 4.7650000 -0.0006990
Entry Signal

MarketClub’s Trade Triangles for SGDDKK

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 4.8721565

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2020 at 4.7640523

short term up The short-term trend has been UP since Jun 2nd, 2020 at 4.7669802

Smart Scan Analysis for SGDDKK

Based on our trend formula, SGDDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SGDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7656986 4.7678337 4.7627561 4.7650000 -0.0006990
Prev. Close Volume Bid Ask Time
4.7656986 4.7645000 4.7655000 2020-06-02 01:25:44
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