Forex Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Bear Market Rally (-75) - SGDTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDTWD as it may be in the beginning of a reversal.
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 Jun 2nd, 2022 at 20.199225
The intermediate-term trend has been DOWN since May 30th, 2022 at 21.085084
The short-term trend has been UP since Jun 28th, 2022 at 21.454887
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).