Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Hong Kong Dollar/Singapore Dollar (FOREX:HKDSGD)

Sidelines Mode (-55) - HKDSGD 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 HKDSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDSGD
Open High Low HKDSGD Price Change
0.17114182 0.17190122 0.17099961 0.17133112 +0.00018900
Entry Signal

MarketClub’s Trade Triangles for HKDSGD

long term down The long-term trend has been DOWN since Nov 22nd, 2023 at 0.17070000

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.17122532

short term up The short-term trend has been UP since Mar 13th, 2024 at 0.17049118

Smart Scan Analysis for HKDSGD

Based on our trend formula, HKDSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HKDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17114182 0.17190122 0.17099961 0.17133112 +0.00018900
Prev. Close Volume Bid Ask Time
0.17114182 2024-03-18 23:50:53
Get a free daily analysis and signals for Hong Kong Dollar/Singapore Dollar (HKDSGD) - Request Your Free Report.