Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Singapore Dollar/South Korean Won (FOREX:SGDKRW)
Long-Term Uptrend (+90) - SGDKRW is in a strong uptrend that is likely to continue. While SGDKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 23rd, 2021 at 842.5351
The intermediate-term trend has been UP since Apr 22nd, 2021 at 842.4464
The short-term trend has been UP since May 10th, 2021 at 842.8384
Smart Scan Analysis for SGDKRW
Based on our trend formula, SGDKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).