Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Crossroads (-60) - SGDMYR 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 SGDMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDMYR
Open High Low SGDMYR Price Change
3.3095740 3.3149362 3.3095740 3.3141313 +0.0045570
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 3.3318246

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2023 at 3.3160668

short term down The short-term trend has been DOWN since Mar 23rd, 2023 at 3.3379025

Smart Scan Analysis for SGDMYR

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

-60
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3095740 3.3149362 3.3095740 3.3141313 +0.0045570
Prev. Close Volume Bid Ask Time
3.3095740 2023-03-28 04:44:36
Get a free daily analysis and signals for Singapore Dollar/Malaysian Ringt (SGDMYR) - Request Your Free Report.