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.
MarketClub’s Trade Triangles for SGDDKK
The long-term trend has been UP since Aug 24th, 2021 at 4.6774299
The intermediate-term trend has been UP since Jun 13th, 2022 at 5.1123603
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).