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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

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
4.9426321 4.9447898 4.9164497 4.9251998 -0.0174320
Entry Signal

MarketClub’s Trade Triangles for SGDDKK

long term up The long-term trend has been UP since Sep 12th, 2019 at 4.9233000

intermediate term down The intermediate-term trend has been DOWN since Jan 31st, 2020 at 4.9421845

short term down The short-term trend has been DOWN since Feb 19th, 2020 at 4.9498622

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
4.9426321 4.9447898 4.9164497 4.9251998 -0.0174320
Prev. Close Volume Bid Ask Time
4.9426321 4.9227644 4.9276352 2020-02-21 17:13:30
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