Forex Trend Analysis Report
Prepared for you on Sunday, October 25, 2020.
Singapore Dollar/Norwegian Krone (FOREX:SGDNOK)
Weak Downtrend (-65) - SGDNOK is showing signs of a strengthening downtrend. Monitor SGDNOK as it may be building momentum to the downside.
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 Jul 20th, 2020 at 6.6400180
The intermediate-term trend has been UP since Sep 8th, 2020 at 6.6013402
The short-term trend has been DOWN since Oct 21st, 2020 at 6.8135690
Smart Scan Analysis for SGDNOK
Based on our trend formula, SGDNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).