Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Hong Kong Dollar/Singapore Dollar (FOREX:HKDSGD)
Long-Term Downtrend (-90) - HKDSGD is in a strong downtrend that is likely to continue. While HKDSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for HKDSGD
The long-term trend has been DOWN since Nov 30th, 2022 at 0.17422216
The intermediate-term trend has been DOWN since Mar 20th, 2023 at 0.17057737
The short-term trend has been DOWN since Mar 17th, 2023 at 0.17080000
Smart Scan Analysis for HKDSGD
Based on our trend formula, HKDSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).