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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 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.

FOREX_SGDZAR
Open High Low SGDZAR Price Change
13.974850 14.054298 13.935135 14.051880 +0.077030
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term up The long-term trend has been UP since Dec 15th, 2023 at 14.486799

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 13.878158

short term up The short-term trend has been UP since Apr 10th, 2024 at 13.892440

Smart Scan Analysis for SGDZAR

Based on our trend formula, SGDZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.974850 14.054298 13.935135 14.051880 +0.077030
Prev. Close Volume Bid Ask Time
13.974850 2024-04-18 09:43:27
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