Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Bull Market Weakness (+75) - SGDNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDNOK as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for SGDNOK
The long-term trend has been UP since Jul 22nd, 2024 at 8.161306
The intermediate-term trend has been UP since Dec 6th, 2024 at 8.320623
The short-term trend has been DOWN since Dec 12th, 2024 at 8.274434
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.287743 | 8.288600 | 8.270433 | 8.276841 | -0.010902 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.287743 | 2024-12-12 03:39:06 |