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Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
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.
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MarketClub’s Trade Triangles for SGDHKD
The long-term trend has been DOWN since Feb 2nd, 2020 at 5.6816614
The intermediate-term trend has been UP since Apr 29th, 2020 at 5.4945000
The short-term trend has been UP since May 26th, 2020 at 5.4626099
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.4876307 | 5.4971597 | 5.4820254 | 5.4850500 | -0.0025810 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.4876307 | 5.4749000 | 5.4952000 | 2020-05-31 16:10:23 |