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.
MarketClub’s Trade Triangles for SGDHKD
The long-term trend has been DOWN since May 25th, 2023 at 5.7818000
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 5.7467382
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).