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.
MarketClub’s Trade Triangles for SGDMYR
The long-term trend has been UP since Mar 1st, 2023 at 3.3318246
The intermediate-term trend has been DOWN since Mar 27th, 2023 at 3.3160668
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).