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Forex Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Sidelines Mode (+55) - SGDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Apr 27th, 2022 at 6.769084
The intermediate-term trend has been UP since Jun 13th, 2022 at 7.080450
The short-term trend has been DOWN since Jun 26th, 2022 at 7.078753
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.059320 | 7.115124 | 7.030854 | 7.037719 | -0.021601 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.059320 | 2022-06-28 03:15:57 |