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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Singapore Dollar/South Korean Won (FOREX:SGDKRW)
Bull Market Weakness (+75) - SGDKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDKRW as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for SGDKRW
The long-term trend has been UP since Jan 16th, 2024 at 1001.5520
The intermediate-term trend has been UP since May 29th, 2024 at 1014.1840
The short-term trend has been DOWN since Jul 22nd, 2024 at 1029.4944
Smart Scan Analysis for SGDKRW
Based on our trend formula, SGDKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1032.2201 | 1032.5478 | 1030.4204 | 1031.4464 | -0.7737 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1032.2201 | 2024-07-26 20:31:17 |