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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Singapore Dollar/South African Rand (FOREX:SGDZAR)

Strong Uptrend (+100) - SGDZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid SGDZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDZAR
Open High Low SGDZAR Price Change
12.502900 12.730021 12.449255 12.656847 +0.153947
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term up The long-term trend has been UP since Feb 27th, 2020 at 11.160578

intermediate term up The intermediate-term trend has been UP since Jul 31st, 2020 at 12.324377

short term up The short-term trend has been UP since Jul 24th, 2020 at 12.041067

Smart Scan Analysis for SGDZAR

Based on our trend formula, SGDZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.502900 12.730021 12.449255 12.656847 +0.153947
Prev. Close Volume Bid Ask Time
12.502900 12.653749 12.659945 2020-08-04 21:51:02
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