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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Sidelines Mode (+55) - SGDZAR 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 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.
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MarketClub’s Trade Triangles for SGDZAR
The long-term trend has been UP since Dec 25th, 2024 at 13.819977
The intermediate-term trend has been UP since Dec 23rd, 2024 at 13.570745
The short-term trend has been DOWN since Jan 13th, 2025 at 13.761157
Smart Scan Analysis for SGDZAR
Based on our trend formula, SGDZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.702200 | 13.761876 | 13.668895 | 13.716298 | +0.014098 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.702200 | 2025-01-20 09:47:08 |