Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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.
MarketClub’s Trade Triangles for SGDTWD
The long-term trend has been DOWN since Feb 5th, 2021 at 20.878684
The intermediate-term trend has been UP since Feb 12th, 2021 at 21.161118
The short-term trend has been DOWN since Feb 25th, 2021 at 21.059388
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).