Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
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.
MarketClub’s Trade Triangles for SGDKRW
The long-term trend has been DOWN since Nov 6th, 2023 at 961.1306
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 968.6726
The short-term trend has been DOWN since Nov 28th, 2023 at 966.7030
Smart Scan Analysis for SGDKRW
Based on our trend formula, SGDKRW is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).