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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Long-Term Uptrend (+90) - SGDNOK is in a strong uptrend that is likely to continue. While SGDNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for SGDNOK
The long-term trend has been UP since Jul 22nd, 2024 at 8.161306
The intermediate-term trend has been UP since Dec 25th, 2024 at 8.434504
The short-term trend has been UP since Jan 17th, 2025 at 8.350989
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.360931 | 8.378205 | 8.322128 | 8.342235 | -0.018696 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.360931 | 2025-01-20 09:51:47 |