Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Singapore Dollar/Argentine Peso (FOREX:SGDARS)
Long-Term Uptrend (+90) - SGDARS is in a strong uptrend that is likely to continue. While SGDARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SGDARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDARS
The long-term trend has been UP since Dec 14th, 2020 at 61.579381
The intermediate-term trend has been UP since Nov 3rd, 2023 at 257.311060
The short-term trend has been UP since Nov 14th, 2023 at 257.656000
Smart Scan Analysis for SGDARS
Based on our trend formula, SGDARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).