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Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Sidelines Mode (-55) - SGDTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Mar 10th, 2023 at 22.331329
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 22.545962
The short-term trend has been UP since Mar 15th, 2023 at 22.899150
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.844440 | 22.854916 | 22.748070 | 22.773043 | -0.071397 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.844440 | 2023-03-24 14:04:47 |