Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Singapore Dollar/Turkish Lira (FOREX:SGDTRY)
Bull Market Weakness (+75) - SGDTRY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDTRY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SGDTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDTRY
The long-term trend has been UP since Oct 8th, 2021 at 6.5797092
The intermediate-term trend has been UP since Sep 18th, 2023 at 20.2158880
The short-term trend has been DOWN since Dec 5th, 2023 at 21.5667480
Smart Scan Analysis for SGDTRY
Based on our trend formula, SGDTRY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).