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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)
Countertrend Down (-85) - SGDHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for SGDHKD
The long-term trend has been DOWN since Nov 5th, 2024 at 5.8377581
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 5.9625519
The short-term trend has been UP since Nov 18th, 2024 at 5.8127275
Smart Scan Analysis for SGDHKD
Based on our trend formula, SGDHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.8146000 | 5.8165288 | 5.8027625 | 5.8067904 | -0.0078100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.8146000 | 2024-11-20 03:43:34 |