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Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Sidelines Mode (-55) - SGDNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for SGDNZD
The long-term trend has been UP since Mar 7th, 2023 at 1.2081731
The intermediate-term trend has been DOWN since Sep 19th, 2023 at 1.2341300
The short-term trend has been UP since Sep 27th, 2023 at 1.2313500
Smart Scan Analysis for SGDNZD
Based on our trend formula, SGDNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.22658 | 1.22831 | 1.22625 | 1.22717 | +0.00059 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.22658 | 2023-09-28 03:43:59 |