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Forex Trend Analysis Report

Prepared for you on Thursday, March 21, 2019.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
6.30415 6.31560 6.24705 6.26940 -0.03475
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term up The long term trend has been UP since Aug 17th, 2018 at 6.18070

intermediate term down The intermediate term trend has been DOWN since Mar 15th, 2019 at 6.31250

short term down The short term trend has been DOWN since Mar 11th, 2019 at 6.37945

Smart Scan Analysis for SGDNOK

Based on a pre-defined weighted trend formula for chart analysis, SGDNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.30415 6.31560 6.24705 6.26940 -0.03475
Prev. Close Volume Bid Ask Time
6.30415 6.26780 6.27100 2019-03-21 10:28:06
Want to analyze Singapore Dollar/Norwegian Krone SGDNOK or another symbol? Try our Free Forex Trend Analysis Report.