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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Polish New Zloty (FOREX:SGDPLN)
Bear Market Rally (-75) - SGDPLN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDPLN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SGDPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDPLN.
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 SGDPLN
The long-term trend has been DOWN since Mar 6th, 2024 at 2.944705
The intermediate-term trend has been UP since Apr 15th, 2024 at 2.967180
The short-term trend has been DOWN since May 6th, 2024 at 2.964865
Smart Scan Analysis for SGDPLN
Based on our trend formula, SGDPLN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.952515 | 2.954955 | 2.948645 | 2.951995 | -0.000520 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.952515 | 2024-05-09 04:23:35 |