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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Hong Kong Dollar/Singapore Dollar (FOREX:HKDSGD)

Long-Term Downtrend (-90) - HKDSGD is in a strong downtrend that is likely to continue. While HKDSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.16998786 0.17041531 0.16974533 0.17041250 +0.00042500
Entry Signal

MarketClub’s Trade Triangles for HKDSGD

long term down The long-term trend has been DOWN since Jul 22nd, 2020 at 0.17808437

intermediate term down The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.17069452

short term down The short-term trend has been DOWN since Feb 21st, 2021 at 0.17060000

Smart Scan Analysis for HKDSGD

Based on our trend formula, HKDSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HKDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16998786 0.17041531 0.16974533 0.17041250 +0.00042500
Prev. Close Volume Bid Ask Time
0.16998786 2021-02-25 12:12:35
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