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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.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
6.881607 6.889360 6.861791 6.884146 +0.002539
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term up The long-term trend has been UP since Feb 3rd, 2020 at 6.775655

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2020 at 7.181392

short term down 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).

-70
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.881607 6.889360 6.861791 6.884146 +0.002539
Prev. Close Volume Bid Ask Time
6.881607 6.868746 6.899546 2020-05-31 16:04:02
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