Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Singapore Dollar/South Korean Won (FOREX:SGDKRW)
Weak Downtrend (-65) - SGDKRW is showing signs of a strengthening downtrend. Monitor SGDKRW as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SGDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDKRW
The long-term trend has been DOWN since Dec 19th, 2022 at 953.8430
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 962.4477
The short-term trend has been DOWN since Mar 22nd, 2023 at 970.7901
Smart Scan Analysis for SGDKRW
Based on our trend formula, SGDKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).