Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Bear Market Rally (-75) - SGDNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDNZD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for SGDNZD
The long-term trend has been DOWN since Nov 30th, 2023 at 1.2112150
The intermediate-term trend has been DOWN since Nov 15th, 2023 at 1.2289157
The short-term trend has been UP since Dec 8th, 2023 at 1.2182300
Smart Scan Analysis for SGDNZD
Based on our trend formula, SGDNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).