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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Bull Market Weakness (+75) - SGDNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
8.007365 8.059112 8.001479 8.050956 +0.043591
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 7.697848

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2024 at 7.907800

short term up The short-term trend has been UP since Mar 27th, 2024 at 7.975362

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
8.007365 8.059112 8.001479 8.050956 +0.043591
Prev. Close Volume Bid Ask Time
8.007365 2024-03-28 22:27:21
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