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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Bull Market Weakness (+75) - SGDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDZAR as it may be in the beginning stages of a reversal.
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 Jul 25th, 2024 at 13.757594
The short-term trend has been UP since Jul 23rd, 2024 at 13.661966
Smart Scan Analysis for SGDZAR
Based on our trend formula, SGDZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.644150 | 13.650945 | 13.564454 | 13.601832 | -0.042318 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.644150 | 2024-07-26 17:00:06 |