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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Countertrend Up (+85) - SGDTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDTWD.
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 SGDTWD
The long-term trend has been UP since Mar 20th, 2024 at 23.760144
The intermediate-term trend has been UP since Jan 19th, 2024 at 23.630961
The short-term trend has been DOWN since May 8th, 2024 at 23.876026
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.924152 | 23.935636 | 23.893476 | 23.933440 | +0.009288 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.924152 | 2024-05-09 09:20:40 |