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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Weak Uptrend (+65) - SGDNOK is showing signs of weakening momentum to the upside. Monitor 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
8.123059 8.164294 8.101654 8.127810 +0.004751
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term up The long-term trend has been UP since Oct 3rd, 2023 at 7.995611

intermediate term down The intermediate-term trend has been DOWN since Nov 14th, 2023 at 8.053959

short term up The short-term trend has been UP since Dec 4th, 2023 at 8.096563

Smart Scan Analysis for SGDNOK

Based on our trend formula, SGDNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.123059 8.164294 8.101654 8.127810 +0.004751
Prev. Close Volume Bid Ask Time
8.123059 2023-12-08 14:03:10
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