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.
MarketClub’s Trade Triangles for SGDKRW
The long-term trend has been DOWN since Feb 14th, 2020 at 849.5629
The intermediate-term trend has been DOWN since Feb 5th, 2020 at 854.8174
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).