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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.

FOREX_SGDNOK
Open High Low SGDNOK Price Change
7.059320 7.115124 7.030854 7.037719 -0.021601
Entry Signal

MarketClub’s Trade Triangles for SGDNOK

long term up The long-term trend has been UP since Apr 27th, 2022 at 6.769084

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 7.080450

short term down 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).

+55
Smart Scan Analysis for SGDNOK
Strong Downtrend Sideways 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
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