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Forex Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)

Crossroads (+60) - SGDNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SGDNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDNZD
Open High Low SGDNZD Price Change
1.10008 1.10089 1.09716 1.09716 -0.00292
Entry Signal

MarketClub’s Trade Triangles for SGDNZD

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 1.122205

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2020 at 1.102350

short term up The short-term trend has been UP since Aug 2nd, 2020 at 1.098120

Smart Scan Analysis for SGDNZD

Based on our trend formula, SGDNZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SGDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.10008 1.10089 1.09716 1.09716 -0.00292
Prev. Close Volume Bid Ask Time
1.10008 1.09693 1.09739 2020-08-06 09:05:14
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