Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
Singapore Dollar/Pakistani Rupee (FOREX:SGDPKR)
Long-Term Uptrend (+90) - SGDPKR is in a strong uptrend that is likely to continue. While SGDPKR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Mar 27th, 2020 at 115.23531
The intermediate-term trend has been UP since May 26th, 2020 at 113.59615
The short-term trend has been UP since Aug 6th, 2020 at 121.25936
Smart Scan Analysis for SGDPKR
Based on our trend formula, SGDPKR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).