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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)

Sidelines Mode (+55) - SGDHKD 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 SGDHKD?

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

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

FOREX_SGDHKD
Open High Low SGDHKD Price Change
5.8353238 5.8375448 5.8260783 5.8276204 -0.0077030
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term up The long-term trend has been UP since Nov 28th, 2023 at 5.8575907

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 5.8443000

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 5.8654868

Smart Scan Analysis for SGDHKD

Based on our trend formula, SGDHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8353238 5.8375448 5.8260783 5.8276204 -0.0077030
Prev. Close Volume Bid Ask Time
5.8353238 2024-03-19 02:17:26
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