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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)

Sidelines Mode (-55) - SGDHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
5.7812497 5.7852632 5.7645494 5.7692000 -0.0120500
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 5.7769000

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 5.7744019

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 5.7679463

Smart Scan Analysis for SGDHKD

Based on our trend formula, SGDHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7812497 5.7852632 5.7645494 5.7692000 -0.0120500
Prev. Close Volume Bid Ask Time
5.7812497 2021-10-25 15:40:18
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