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.
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 UP since Apr 20th, 2020 at 865.0063
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).