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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.

FOREX_SGDNZD
Open High Low SGDNZD Price Change
1.04010 1.04234 1.04008 1.04043 +0.00033
Entry Signal

MarketClub’s Trade Triangles for SGDNZD

long term up The long-term trend has been UP since Mar 24th, 2021 at 1.0666850

intermediate term down The intermediate-term trend has been DOWN since Apr 20th, 2021 at 1.0434700

short term down 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).

-70
Smart Scan Analysis for SGDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.04010 1.04234 1.04008 1.04043 +0.00033
Prev. Close Volume Bid Ask Time
1.04010 2021-05-12 07:38:12
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