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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)

Long-Term Downtrend (-90) - SGDNZD is in a strong downtrend that is likely to continue. While SGDNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_SGDNZD
Open High Low SGDNZD Price Change
1.0320950 1.0355550 1.0297881 1.0355550 +0.0034600
Entry Signal

MarketClub’s Trade Triangles for SGDNZD

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 1.1222050

intermediate term down The intermediate-term trend has been DOWN since Oct 25th, 2020 at 1.0997855

short term down The short-term trend has been DOWN since Mar 3rd, 2021 at 1.0298250

Smart Scan Analysis for SGDNZD

Based on our trend formula, SGDNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0320950 1.0355550 1.0297881 1.0355550 +0.0034600
Prev. Close Volume Bid Ask Time
1.0320950 2021-03-03 10:03:31
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