Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Hong Kong Dollar/Singapore Dollar (FOREX:HKDSGD)
Sidelines Mode (+55) - HKDSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 7th, 2021 at 0.17319625
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.17317114
The short-term trend has been UP since Oct 18th, 2021 at 0.17360032
Smart Scan Analysis for HKDSGD
Based on our trend formula, HKDSGD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).