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.
MarketClub’s Trade Triangles for SGDNZD
The long-term trend has been DOWN since Jun 2nd, 2020 at 1.1222050
The intermediate-term trend has been DOWN since Oct 25th, 2020 at 1.0997855
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).