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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Bull Market Weakness (+75) - SGDNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDNOK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SGDNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
7.829350 7.883300 7.816268 7.867900 +0.038550
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term up The long-term trend has been UP since Apr 27th, 2022 at 6.769084

intermediate term up The intermediate-term trend has been UP since Jan 3rd, 2023 at 7.411084

short term up The short-term trend has been UP since Mar 31st, 2023 at 7.875294

Smart Scan Analysis for SGDNOK

Based on our trend formula, SGDNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.829350 7.883300 7.816268 7.867900 +0.038550
Prev. Close Volume Bid Ask Time
7.829350 2023-03-31 11:35:34
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