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.
MarketClub’s Trade Triangles for SGDHKD
The long-term trend has been DOWN since Mar 5th, 2021 at 5.7769000
The intermediate-term trend has been UP since Oct 18th, 2021 at 5.7744019
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).