Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Weak Downtrend (-65) - SGDTWD is showing signs of a strengthening downtrend. Monitor SGDTWD as it may be building momentum to the downside.
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 UP since Aug 3rd, 2023 at 23.731855
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 23.534393
The short-term trend has been DOWN since Nov 28th, 2023 at 23.511700
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).