Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Singapore Dollar/South Korean Won (FOREX:SGDKRW)

Crossroads (-60) - SGDKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1038.5706 1040.0107 1037.8348 1039.5552 +0.9846
Entry Signal

MarketClub’s Trade Triangles for SGDKRW

long term up The long-term trend has been UP since Jan 16th, 2024 at 1001.5520

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1038.3947

short term down The short-term trend has been DOWN since Nov 13th, 2024 at 1048.1935

Smart Scan Analysis for SGDKRW

Based on our trend formula, SGDKRW is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1038.5706 1040.0107 1037.8348 1039.5552 +0.9846
Prev. Close Volume Bid Ask Time
1038.5706 2024-11-20 03:23:25
Get a free daily analysis and signals for Singapore Dollar/South Korean Won (SGDKRW) - Request Your Free Report.