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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Strong Downtrend (-100) - SGDTWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGDTWD continues to fall. 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 Nov 1st, 2024 at 24.088765
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 23.957138
The short-term trend has been DOWN since Dec 18th, 2024 at 24.012519
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.074528 | 24.074528 | 24.014577 | 24.014577 | -0.059951 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.074528 | 2024-12-21 08:50:05 |