Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for SGDHKD
The long-term trend has been UP since Jul 26th, 2020 at 5.6144202
The intermediate-term trend has been UP since Feb 14th, 2021 at 5.8583999
The short-term trend has been DOWN since Feb 25th, 2021 at 5.8462035
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).