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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

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
5.7566388 5.7590789 5.7459996 5.7504647 -0.0061740
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 5.7809188

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 5.8095848

short term up The short-term trend has been UP since Apr 17th, 2024 at 5.7637255

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
5.7566388 5.7590789 5.7459996 5.7504647 -0.0061740
Prev. Close Volume Bid Ask Time
5.7566388 2024-04-23 06:37:19
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