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.
MarketClub’s Trade Triangles for SGDZAR
The long-term trend has been UP since Feb 27th, 2020 at 11.160578
The intermediate-term trend has been UP since Jul 31st, 2020 at 12.324377
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).