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Forex Trend Analysis Report

Prepared for you on Tuesday, May 18, 2021.

Singapore Dollar/Polish New Zloty (FOREX:SGDPLN)

Strong Downtrend (-100) - SGDPLN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SGDPLN?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDPLN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDPLN
Open High Low SGDPLN Price Change
2.793670 2.799135 2.779805 2.780775 -0.012895
Entry Signal

MarketClub’s Trade Triangles for SGDPLN

long term down The long-term trend has been DOWN since May 18th, 2021 at 2.781015

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2021 at 2.846325

short term down The short-term trend has been DOWN since May 7th, 2021 at 2.829515

Smart Scan Analysis for SGDPLN

Based on our trend formula, SGDPLN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for SGDPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.793670 2.799135 2.779805 2.780775 -0.012895
Prev. Close Volume Bid Ask Time
2.793670 2021-05-18 14:14:04
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