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.
MarketClub’s Trade Triangles for SGDHKD
The long-term trend has been UP since Nov 28th, 2023 at 5.8575907
The intermediate-term trend has been UP since Nov 3rd, 2023 at 5.7489403
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).