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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.

FOREX_HKDSGD
Open High Low HKDSGD Price Change
0.16928398 0.16962241 0.16917596 0.16947632 +0.00019200
Entry Signal

MarketClub’s Trade Triangles for HKDSGD

long term down The long-term trend has been DOWN since Nov 30th, 2022 at 0.17422216

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2023 at 0.17057737

short term down 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).

-90
Smart Scan Analysis for HKDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16928398 0.16962241 0.16917596 0.16947632 +0.00019200
Prev. Close Volume Bid Ask Time
0.16928398 2023-03-29 21:56:47
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