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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Singapore Dollar/South Korean Won (FOREX:SGDKRW)

Bear Market Rally (-75) - SGDKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDKRW as it may be in the beginning of a reversal.

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.

FOREX_SGDKRW
Open High Low SGDKRW Price Change
855.9818 858.5422 855.5704 858.2915 +2.3097
Entry Signal

MarketClub’s Trade Triangles for SGDKRW

long term down The long-term trend has been DOWN since Feb 14th, 2020 at 849.5629

intermediate term down The intermediate-term trend has been DOWN since Feb 5th, 2020 at 854.8174

short term up The short-term trend has been UP since Feb 17th, 2020 at 852.8980

Smart Scan Analysis for SGDKRW

Based on our trend formula, SGDKRW is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SGDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
855.9818 858.5422 855.5704 858.2915 +2.3097
Prev. Close Volume Bid Ask Time
855.9818 857.5774 859.0056 2020-02-20 03:29:51
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