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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Countertrend Down (-85) - SGDNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
6.2595331 6.2651727 6.1846043 6.1979909 -0.0615420
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 6.3177753

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 6.3621242

short term up The short-term trend has been UP since Oct 27th, 2021 at 6.2146914

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).

-85
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.2595331 6.2651727 6.1846043 6.1979909 -0.0615420
Prev. Close Volume Bid Ask Time
6.2595331 2021-10-28 16:12:31
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