Forex Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Bear Market Rally (-75) - SGDNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDNOK as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for SGDNOK
The long-term trend has been DOWN since Jan 4th, 2021 at 6.4395928
The intermediate-term trend has been DOWN since Mar 8th, 2021 at 6.3137471
The short-term trend has been UP since Apr 13th, 2021 at 6.3563391
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).