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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Long-Term Downtrend (-90) - SGDTWD is in a strong downtrend that is likely to continue. While SGDTWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDTWD.
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 SGDTWD
The long-term trend has been DOWN since May 1st, 2025 at 24.059451
The intermediate-term trend has been DOWN since May 1st, 2025 at 24.204781
The short-term trend has been DOWN since Apr 28th, 2025 at 24.664584
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.377306 | 23.398778 | 22.970654 | 23.292683 | -0.084623 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.377306 | 2025-05-08 23:35:27 |