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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Singapore Dollar/Danish Krone (FOREX:SGDDKK)

Long-Term Uptrend (+90) - SGDDKK is in a strong uptrend that is likely to continue. While SGDDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
5.3109816 5.3220791 5.2929191 5.3047742 -0.0062070
Entry Signal

MarketClub’s Trade Triangles for SGDDKK

long term up The long-term trend has been UP since Aug 24th, 2021 at 4.6774299

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 5.1123603

short term up The short-term trend has been UP since Aug 15th, 2022 at 5.2946013

Smart Scan Analysis for SGDDKK

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

+90
Smart Scan Analysis for SGDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3109816 5.3220791 5.2929191 5.3047742 -0.0062070
Prev. Close Volume Bid Ask Time
5.3109816 2022-08-16 20:46:00
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