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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.

Open High Low SGDNZD Price Change
1.22658 1.22831 1.22625 1.22717 +0.00059
Entry Signal

MarketClub’s Trade Triangles for SGDNZD

long term up The long-term trend has been UP since Mar 7th, 2023 at 1.2081731

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2023 at 1.2341300

short term up 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).

Smart Scan Analysis for SGDNZD
Strong Downtrend Sideways 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
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