Forex Trend Analysis Report
Prepared for you on Sunday, October 25, 2020.
Singapore Dollar/South Korean Won (FOREX:SGDKRW)
Strong Downtrend (-100) - SGDKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDKRW
The long-term trend has been DOWN since Mar 24th, 2020 at 848.7300
The intermediate-term trend has been DOWN since Sep 14th, 2020 at 865.6746
The short-term trend has been DOWN since Oct 8th, 2020 at 850.2903
Smart Scan Analysis for SGDKRW
Based on our trend formula, SGDKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).