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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)

Countertrend Down (-85) - SGDHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
5.7298435 5.7298435 5.7187981 5.7202201 -0.0096230
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term down The long-term trend has been DOWN since May 25th, 2023 at 5.7818000

intermediate term down The intermediate-term trend has been DOWN since Sep 5th, 2023 at 5.7467382

short term up The short-term trend has been UP since Sep 20th, 2023 at 5.7462158

Smart Scan Analysis for SGDHKD

Based on our trend formula, SGDHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7298435 5.7298435 5.7187981 5.7202201 -0.0096230
Prev. Close Volume Bid Ask Time
5.7298435 2023-09-24 22:31:48
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