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Forex Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

Singapore Dollar/Danish Krone (FOREX:SGDDKK)

Countertrend Up (+85) - SGDDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SGDDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDDKK
Open High Low SGDDKK Price Change
5.2653279 5.2792511 5.2603856 5.2780396 +0.0127120
Entry Signal

MarketClub’s Trade Triangles for SGDDKK

long term up The long-term trend has been UP since Aug 24th, 2021 at 4.6774299

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 5.1123603

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 5.2812074

Smart Scan Analysis for SGDDKK

Based on our trend formula, SGDDKK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SGDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2653279 5.2792511 5.2603856 5.2780396 +0.0127120
Prev. Close Volume Bid Ask Time
5.2653279 2022-08-12 09:03:58
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