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.
MarketClub’s Trade Triangles for SGDDKK
The long-term trend has been DOWN since Feb 27th, 2020 at 4.8721565
The intermediate-term trend has been DOWN since May 28th, 2020 at 4.7640523
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).