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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)

Weak Uptrend (+65) - SGDHKD is showing signs of weakening momentum to the upside. Monitor SGDHKD as it may be in the beginning stages of a reversal.

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
5.8442500 5.8480108 5.8159352 5.8214000 -0.0228500
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 Nov 3rd, 2023 at 5.7489403

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 5.8344693

Smart Scan Analysis for SGDHKD

Based on our trend formula, SGDHKD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8442500 5.8480108 5.8159352 5.8214000 -0.0228500
Prev. Close Volume Bid Ask Time
5.8442500 2023-12-08 15:23:20
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