Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Singapore Dollar/Turkish Lira (FOREX:SGDTRY)
Sidelines Mode (-55) - SGDTRY 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
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 Dec 18th, 2019 at 4.3494553
The intermediate-term trend has been DOWN since Feb 4th, 2020 at 4.3421373
The short-term trend has been UP since Feb 11th, 2020 at 4.3417988
Smart Scan Analysis for SGDTRY
Based on our trend formula, SGDTRY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).