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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Hong Kong Dollar/Singapore Dollar (FOREX:HKDSGD)

Countertrend Up (+85) - HKDSGD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid HKDSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDSGD
Open High Low HKDSGD Price Change
0.17300750 0.17324330 0.17288344 0.17316190 +0.00015400
Entry Signal

MarketClub’s Trade Triangles for HKDSGD

long term up The long-term trend has been UP since Apr 1st, 2024 at 0.17300000

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2024 at 0.17379780

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 0.17207281

Smart Scan Analysis for HKDSGD

Based on our trend formula, HKDSGD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17300750 0.17324330 0.17288344 0.17316190 +0.00015400
Prev. Close Volume Bid Ask Time
0.17300750 2024-06-19 22:39:36
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