Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Sidelines Mode (-55) - SGDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 7th, 2025 at 8.127233
The intermediate-term trend has been UP since Apr 6th, 2025 at 8.035930
The short-term trend has been DOWN since May 7th, 2025 at 7.952498
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.028472 | 8.042927 | 7.994822 | 7.996719 | -0.031753 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.028472 | 2025-05-09 07:31:48 |