Forex Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
Singapore Dollar/Pakistani Rupee (FOREX:SGDPKR)
Bull Market Weakness (+75) - SGDPKR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDPKR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SGDPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDPKR
The long-term trend has been DOWN since Mar 2nd, 2021 at 119.08317
The intermediate-term trend has been UP since Apr 19th, 2021 at 114.53257
The short-term trend has been UP since Apr 14th, 2021 at 114.10256
Smart Scan Analysis for SGDPKR
Based on our trend formula, SGDPKR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).