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.
MarketClub’s Trade Triangles for SGDNOK
The long-term trend has been UP since Oct 3rd, 2023 at 7.995611
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 8.053959
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).