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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.

FOREX_SGDTWD
Open High Low SGDTWD Price Change
21.297063 21.330460 21.222648 21.247721 -0.049342
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term down The long-term trend has been DOWN since Aug 1st, 2019 at 22.557000

intermediate term up The intermediate-term trend has been UP since May 29th, 2020 at 21.260231

short term up 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).

+60
Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways 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
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