Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Long-Term Uptrend (+90) - SGDMYR is in a strong uptrend that is likely to continue. While SGDMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for SGDMYR
The long-term trend has been UP since Feb 18th, 2020 at 3.0779628
The intermediate-term trend has been UP since May 26th, 2020 at 3.0809834
The short-term trend has been UP since May 26th, 2020 at 3.0739697
Smart Scan Analysis for SGDMYR
Based on our trend formula, SGDMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).