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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Bear Market Rally (-75) - SGDTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDTWD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SGDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDTWD
The long-term trend has been DOWN since Nov 1st, 2024 at 24.088765
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 23.957138
The short-term trend has been UP since Dec 25th, 2024 at 24.163758
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.111084 | 24.124115 | 24.063580 | 24.109940 | -0.001144 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.111084 | 2024-12-26 06:44:30 |