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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.

FOREX_SGDKRW
Open High Low SGDKRW Price Change
970.3059 970.3059 970.3059 970.3059 0.0000
Entry Signal

MarketClub’s Trade Triangles for SGDKRW

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 961.1306

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 968.6726

short term down 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).

-80
Smart Scan Analysis for SGDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
970.3059 970.3059 970.3059 970.3059 0.0000
Prev. Close Volume Bid Ask Time
970.3059 2023-12-02 03:53:32
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