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Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

Singapore Dollar/South Korean Won (FOREX:SGDKRW)

Sidelines Mode (+55) - SGDKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_SGDKRW
Open High Low SGDKRW Price Change
868.8903 869.4900 867.8647 869.1495 +0.2592
Entry Signal

MarketClub’s Trade Triangles for SGDKRW

long term down The long-term trend has been DOWN since Mar 24th, 2020 at 848.7300

intermediate term up The intermediate-term trend has been UP since Apr 20th, 2020 at 865.0063

short term down The short-term trend has been DOWN since May 26th, 2020 at 868.9731

Smart Scan Analysis for SGDKRW

Based on our trend formula, SGDKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
868.8903 869.4900 867.8647 869.1495 +0.2592
Prev. Close Volume Bid Ask Time
868.8903 868.4437 869.8552 2020-05-26 09:03:50
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