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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)

Weak Downtrend (-65) - SGDNZD is showing signs of a strengthening downtrend. Monitor SGDNZD as it may be building momentum to the downside.

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
1.206565 1.209465 1.206335 1.207435 +0.000870
Entry Signal

MarketClub’s Trade Triangles for SGDNZD

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 1.2018818

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2024 at 1.2262150

short term up The short-term trend has been UP since Jun 17th, 2024 at 1.2066950

Smart Scan Analysis for SGDNZD

Based on our trend formula, SGDNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for SGDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.206565 1.209465 1.206335 1.207435 +0.000870
Prev. Close Volume Bid Ask Time
1.206565 2024-06-17 06:52:28
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