Forex Trend Analysis Report
Prepared for you on Sunday, August 7, 2022.
Singapore Dollar/Turkish Lira (FOREX:SGDTRY)
Bull Market Weakness (+75) - SGDTRY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDTRY as it may be in the beginning stages of a reversal.
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.
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 UP since Jul 18th, 2022 at 12.5201140
The short-term trend has been DOWN since Aug 7th, 2022 at 12.9634970
Smart Scan Analysis for SGDTRY
Based on our trend formula, SGDTRY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).