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Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Crossroads (+60) - SGDTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 1st, 2019 at 22.557000
The intermediate-term trend has been UP since May 29th, 2020 at 21.260231
The short-term trend has been UP since Jun 1st, 2020 at 21.312286
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.297063 | 21.330460 | 21.222648 | 21.247721 | -0.049342 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.297063 | 21.246432 | 21.249010 | 2020-06-01 10:47:08 |