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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Singapore Dollar/Turkish Lira (FOREX:SGDTRY)

Weak Downtrend (-65) - SGDTRY is showing signs of a strengthening downtrend. Monitor SGDTRY as it may be building momentum to the downside.

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

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

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

FOREX_SGDTRY
Open High Low SGDTRY Price Change
23.902658 24.040746 23.840991 23.871214 -0.031444
Entry Signal

MarketClub’s Trade Triangles for SGDTRY

long term up The long-term trend has been UP since Oct 8th, 2021 at 6.5797092

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2024 at 23.6288570

short term down The short-term trend has been DOWN since May 22nd, 2024 at 23.8719720

Smart Scan Analysis for SGDTRY

Based on our trend formula, SGDTRY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SGDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.902658 24.040746 23.840991 23.871214 -0.031444
Prev. Close Volume Bid Ask Time
23.902658 2024-05-22 06:31:52
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