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Forex Trend Analysis Report

Prepared for you on Sunday, October 25, 2020.

Singapore Dollar/South Korean Won (FOREX:SGDKRW)

Strong Downtrend (-100) - SGDKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
831.0258 831.0258 830.6588 830.7200 -0.3058
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 down The intermediate-term trend has been DOWN since Sep 14th, 2020 at 865.6746

short term down The short-term trend has been DOWN since Oct 8th, 2020 at 850.2903

Smart Scan Analysis for SGDKRW

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

-100
Smart Scan Analysis for SGDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
831.0258 831.0258 830.6588 830.7200 -0.3058
Prev. Close Volume Bid Ask Time
831.0258 2020-10-25 18:10:56
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