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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)

Crossroads (-60) - SGDHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SGDHKD?

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

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

FOREX_SGDHKD
Open High Low SGDHKD Price Change
5.8064589 5.8092390 5.7865873 5.7986553 -0.0078040
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term up The long-term trend has been UP since Nov 28th, 2023 at 5.8575907

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 5.8095848

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 5.8201236

Smart Scan Analysis for SGDHKD

Based on our trend formula, SGDHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8064589 5.8092390 5.7865873 5.7986553 -0.0078040
Prev. Close Volume Bid Ask Time
5.8064589 2024-03-28 11:56:54
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