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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

Singapore Dollar/South African Rand (FOREX:SGDZAR)

Weak Downtrend (-65) - SGDZAR is showing signs of a strengthening downtrend. Monitor SGDZAR as it may be building momentum to the downside.

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
11.300700 11.347255 11.261352 11.319105 +0.018405
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term down The long-term trend has been DOWN since Nov 3rd, 2020 at 11.834673

intermediate term down The intermediate-term trend has been DOWN since Feb 5th, 2021 at 11.165042

short term up The short-term trend has been UP since Feb 25th, 2021 at 11.271723

Smart Scan Analysis for SGDZAR

Based on our trend formula, SGDZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.300700 11.347255 11.261352 11.319105 +0.018405
Prev. Close Volume Bid Ask Time
11.300700 2021-03-02 08:35:50
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