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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Bear Market Rally (-75) - SGDNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDNOK as it may be in the beginning 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.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
6.4230000 6.4398000 6.3483191 6.3690624 -0.0539380
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term down The long-term trend has been DOWN since Jan 4th, 2021 at 6.4395928

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2021 at 6.4852403

short term down The short-term trend has been DOWN since Mar 2nd, 2021 at 6.4061836

Smart Scan Analysis for SGDNOK

Based on our trend formula, SGDNOK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4230000 6.4398000 6.3483191 6.3690624 -0.0539380
Prev. Close Volume Bid Ask Time
6.4230000 2021-03-05 17:00:56
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