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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Countertrend Up (+85) - SGDNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for SGDNOK
The long-term trend has been UP since Jul 22nd, 2024 at 8.161306
The intermediate-term trend has been UP since Sep 3rd, 2024 at 8.184740
The short-term trend has been DOWN since Oct 25th, 2024 at 8.269292
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.290349 | 8.349842 | 8.265156 | 8.302427 | +0.012078 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.290349 | 2024-10-25 17:06:35 |