Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Singapore Dollar/Czech Koruna (FOREX:SGDCZK)
Long-Term Downtrend (-90) - SGDCZK is in a strong downtrend that is likely to continue. While SGDCZK 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 SGDCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDCZK
The long-term trend has been DOWN since Nov 11th, 2022 at 17.150
The intermediate-term trend has been DOWN since Mar 29th, 2023 at 16.332
The short-term trend has been DOWN since Mar 21st, 2023 at 16.650
Smart Scan Analysis for SGDCZK
Based on our trend formula, SGDCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).