Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Singapore Dollar/Turkish Lira (FOREX:SGDTRY)
Long-Term Uptrend (+90) - SGDTRY is in a strong uptrend that is likely to continue. While SGDTRY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 21st, 2021 at 6.0016804
The intermediate-term trend has been UP since Feb 25th, 2021 at 5.5098508
The short-term trend has been UP since Apr 20th, 2021 at 6.1131339
Smart Scan Analysis for SGDTRY
Based on our trend formula, SGDTRY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).