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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Crossroads (+60) - SGDNOK is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
8.058933 8.132581 8.054789 8.107852 +0.048919
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term down The long-term trend has been DOWN since May 31st, 2024 at 7.758050

intermediate term up The intermediate-term trend has been UP since Jul 10th, 2024 at 7.940864

short term up The short-term trend has been UP since Jul 7th, 2024 at 7.873300

Smart Scan Analysis for SGDNOK

Based on our trend formula, SGDNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.058933 8.132581 8.054789 8.107852 +0.048919
Prev. Close Volume Bid Ask Time
8.115375 2024-07-19 17:04:58
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