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Forex Trend Analysis Report

Prepared for you on Friday, November 1, 2024.

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.

FOREX_SGDDKK
Open High Low SGDDKK Price Change
5.1834386 5.1930011 5.1740436 5.1899000 +0.0064610
Entry Signal

MarketClub’s Trade Triangles for SGDDKK

long term up The long-term trend has been UP since Sep 5th, 2024 at 5.1875160

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2024 at 5.1904063

short term down The short-term trend has been DOWN since Oct 21st, 2024 at 5.2261974

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).

-60
Smart Scan Analysis for SGDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1834386 5.1930011 5.1740436 5.1899000 +0.0064610
Prev. Close Volume Bid Ask Time
5.1834386 2024-11-01 15:09:46
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