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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.

FOREX_SGDHKD
Open High Low SGDHKD Price Change
5.4876307 5.4971597 5.4820254 5.4850500 -0.0025810
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 5.6816614

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2020 at 5.4945000

short term up 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).

+60
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways 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
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