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.
MarketClub’s Trade Triangles for HKDSGD
The long-term trend has been DOWN since Jul 22nd, 2020 at 0.17808437
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.17069452
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).