Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Weak Downtrend (-65) - SGDNZD is showing signs of a strengthening downtrend. Monitor SGDNZD as it may be building momentum to the downside.
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 UP since Mar 24th, 2021 at 1.0666850
The intermediate-term trend has been DOWN since Apr 20th, 2021 at 1.0434700
The short-term trend has been DOWN since Apr 13th, 2021 at 1.0564932
Smart Scan Analysis for SGDNZD
Based on our trend formula, SGDNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).