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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
6.7137000 6.7285060 6.7015659 6.7132120 -0.0004880
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term up The long term trend has been UP since Aug 17th, 2018 at 6.1807000

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2019 at 6.6696344

short term up The short term trend has been UP since Dec 4th, 2019 at 6.7443000

Smart Scan Analysis for SGDNOK

Based on a pre-defined weighted trend formula for chart analysis, SGDNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.7137000 6.7285060 6.7015659 6.7132120 -0.0004880
Prev. Close Volume Bid Ask Time
6.7137000 6.7125420 6.7138810 2019-12-06 14:02:54
Want to analyze Singapore Dollar/Norwegian Krone SGDNOK or another symbol? Try our Free Forex Trend Analysis Report.