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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Sidelines Mode (+55) - SGDNZD 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 SGDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDNZD.
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 SGDNZD
The long-term trend has been UP since Mar 18th, 2024 at 1.2301779
The intermediate-term trend has been UP since Apr 16th, 2024 at 1.2477403
The short-term trend has been DOWN since May 3rd, 2024 at 1.2346050
Smart Scan Analysis for SGDNZD
Based on our trend formula, SGDNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.22879 | 1.23034 | 1.22826 | 1.22887 | +0.00008 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.22879 | 2024-05-09 04:23:04 |