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.
MarketClub’s Trade Triangles for SGDNOK
The long-term trend has been DOWN since Oct 4th, 2021 at 6.3177753
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 6.3621242
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).