Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Weak Downtrend (-65) - SGDZAR is showing signs of a strengthening downtrend. Monitor SGDZAR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for SGDZAR
The long-term trend has been DOWN since Nov 3rd, 2020 at 11.834673
The intermediate-term trend has been DOWN since Feb 5th, 2021 at 11.165042
The short-term trend has been UP since Feb 25th, 2021 at 11.271723
Smart Scan Analysis for SGDZAR
Based on our trend formula, SGDZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).