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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.

FOREX_SGDHKD
Open High Low SGDHKD Price Change
5.7071000 5.7109895 5.6812955 5.6837148 -0.0233850
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term down The long-term trend has been DOWN since Apr 22nd, 2022 at 5.7195032

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 5.6652256

short term down 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).

-75
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7071000 5.7109895 5.6812955 5.6837148 -0.0233850
Prev. Close Volume Bid Ask Time
5.7071000 2022-08-15 17:37:20
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