Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Singapore Dollar/Polish New Zloty (FOREX:SGDPLN)
Countertrend Down (-85) - SGDPLN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jul 21st, 2020 at 2.785865
The intermediate-term trend has been DOWN since Jul 14th, 2020 at 2.816300
The short-term trend has been UP since Aug 3rd, 2020 at 2.737285
Smart Scan Analysis for SGDPLN
Based on our trend formula, SGDPLN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).