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Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
Singapore Dollar/Turkish Lira (FOREX:SGDTRY)
Crossroads (+60) - SGDTRY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for SGDTRY
The long-term trend has been UP since Oct 8th, 2021 at 6.5797092
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 23.6288570
The short-term trend has been DOWN since May 5th, 2024 at 23.7044360
Smart Scan Analysis for SGDTRY
Based on our trend formula, SGDTRY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.889495 | 24.025015 | 23.864141 | 23.895604 | +0.006109 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.889495 | 2024-05-06 20:09:23 |