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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 DOWN since May 1st, 2024 at 13.690224
The intermediate-term trend has been UP since Nov 12th, 2024 at 13.509731
The short-term trend has been DOWN since Nov 18th, 2024 at 13.501416
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 |
|---|---|---|---|---|
| 13.488500 | 13.528659 | 13.463694 | 13.514084 | +0.025584 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.488500 | 2024-11-20 03:26:22 |