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.
MarketClub’s Trade Triangles for SGDNZD
The long-term trend has been DOWN since Jun 2nd, 2020 at 1.122205
The intermediate-term trend has been UP since Aug 3rd, 2020 at 1.102350
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).