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.
MarketClub’s Trade Triangles for SGDNOK
The long term trend has been UP since Aug 17th, 2018 at 6.18070
The intermediate term trend has been DOWN since Mar 15th, 2019 at 6.31250
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).