Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)
Bear Market Rally (-75) - SGDHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDHKD as it may be in the beginning of a reversal.
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 Apr 22nd, 2022 at 5.7195032
The intermediate-term trend has been UP since Jul 25th, 2022 at 5.6652256
The short-term trend has been DOWN since Aug 15th, 2022 at 5.7042357
Smart Scan Analysis for SGDHKD
Based on our trend formula, SGDHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).