Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Countertrend Down (-85) - SGDTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Aug 1st, 2019 at 22.557000
The intermediate-term trend has been DOWN since Mar 13th, 2020 at 21.328768
The short-term trend has been UP since Mar 27th, 2020 at 21.108854
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).