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Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Countertrend Up (+85) - SGDTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 14th, 2021 at 20.814797
The intermediate-term trend has been UP since Oct 8th, 2021 at 20.707599
The short-term trend has been DOWN since Oct 18th, 2021 at 20.738099
Smart Scan Analysis for SGDTWD
Based on our trend formula, SGDTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.716087 | 20.746840 | 20.702875 | 20.746840 | +0.030753 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.716087 | 2021-10-19 08:33:41 |