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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.

FOREX_SGDTRY
Open High Low SGDTRY Price Change
6.2319001 6.2503239 6.2040513 6.2076610 -0.0242390
Entry Signal

MarketClub’s Trade Triangles for SGDTRY

long term up The long-term trend has been UP since Mar 21st, 2021 at 6.0016804

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2021 at 5.5098508

short term up 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).

+90
Smart Scan Analysis for SGDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.2319001 6.2503239 6.2040513 6.2076610 -0.0242390
Prev. Close Volume Bid Ask Time
6.2319001 2021-05-06 14:58:11
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