Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Weak Downtrend (-65) - SGDNOK is showing signs of a strengthening downtrend. Monitor SGDNOK as it may be building momentum to the downside.
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 Feb 3rd, 2020 at 6.775655
The intermediate-term trend has been DOWN since May 8th, 2020 at 7.181392
The short-term trend has been DOWN since May 12th, 2020 at 7.148666
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).