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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 Nov 1st, 2024 at 24.088765
The intermediate-term trend has been DOWN since Sep 27th, 2024 at 24.414708
The short-term trend has been UP since Nov 18th, 2024 at 24.275571
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 |
|---|---|---|---|---|
| 24.250110 | 24.270181 | 24.227886 | 24.259291 | +0.009181 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.250110 | 2024-11-20 03:34:00 |