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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.

FOREX_SGDTWD
Open High Low SGDTWD Price Change
22.844440 22.854916 22.748070 22.773043 -0.071397
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 22.331329

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 22.545962

short term up 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).

-55
Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways 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
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