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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.

FOREX_SGDKRW
Open High Low SGDKRW Price Change
848.8845 852.6447 848.7975 850.7178 +1.8333
Entry Signal

MarketClub’s Trade Triangles for SGDKRW

long term up The long-term trend has been UP since Feb 23rd, 2021 at 842.5351

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2021 at 842.4464

short term up 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).

+90
Smart Scan Analysis for SGDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
848.8845 852.6447 848.7975 850.7178 +1.8333
Prev. Close Volume Bid Ask Time
848.8845 2021-05-17 12:01:44
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