Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Singapore Dollar/Pakistani Rupee (FOREX:SGDPKR)
Bull Market Weakness (+75) - SGDPKR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDPKR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SGDPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDPKR
The long-term trend has been DOWN since Oct 22nd, 2020 at 119.40031
The intermediate-term trend has been UP since Nov 19th, 2020 at 118.64282
The short-term trend has been UP since Dec 1st, 2020 at 119.24342
Smart Scan Analysis for SGDPKR
Based on our trend formula, SGDPKR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).