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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Countertrend Up (+85) - SGDNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDNZD
The long-term trend has been UP since Jul 23rd, 2024 at 1.2513650
The intermediate-term trend has been UP since Oct 7th, 2024 at 1.2524072
The short-term trend has been DOWN since Nov 19th, 2024 at 1.2668450
Smart Scan Analysis for SGDNZD
Based on our trend formula, SGDNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.26442 | 1.26665 | 1.26424 | 1.26640 | +0.00198 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.26442 | 2024-11-20 03:25:19 |