Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Singapore Dollar/Polish New Zloty (FOREX:SGDPLN)
Sidelines Mode (+55) - SGDPLN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDPLN
The long-term trend has been UP since Feb 24th, 2022 at 3.075145
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 3.305830
The short-term trend has been UP since Aug 15th, 2022 at 3.322080
Smart Scan Analysis for SGDPLN
Based on our trend formula, SGDPLN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).