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.
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 DOWN since Mar 4th, 2021 at 5.7977724
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).