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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Bear Market Rally (-75) - SGDZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SGDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDZAR.
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 SGDZAR
The long-term trend has been DOWN since May 1st, 2024 at 13.690224
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 13.700718
The short-term trend has been UP since May 8th, 2024 at 13.737208
Smart Scan Analysis for SGDZAR
Based on our trend formula, SGDZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.707250 | 13.713449 | 13.696356 | 13.710834 | +0.003584 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.707250 | 2024-05-09 02:15:07 |