Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)

Strong Downtrend (-100) - SGDHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

FOREX_SGDHKD
Open High Low SGDHKD Price Change
5.7992537 5.8037004 5.7756869 5.7818693 -0.0173840
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 down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 5.7977724

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 5.8462035

Smart Scan Analysis for SGDHKD

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

-100
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7992537 5.8037004 5.7756869 5.7818693 -0.0173840
Prev. Close Volume Bid Ask Time
5.7992537 2021-03-05 17:00:57
Get a free daily analysis and signals for Singapore Dollar/Hong Kong Dollar (SGDHKD) - Request Your Free Report.