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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)

Sidelines Mode (+55) - SGDTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_SGDTWD
Open High Low SGDTWD Price Change
23.465314 23.485679 23.427128 23.468849 +0.003535
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term down The long-term trend has been DOWN since Dec 13th, 2023 at 23.260348

intermediate term up The intermediate-term trend has been UP since Jan 19th, 2024 at 23.630961

short term down The short-term trend has been DOWN since Mar 1st, 2024 at 23.473767

Smart Scan Analysis for SGDTWD

Based on our trend formula, SGDTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.465314 23.485679 23.427128 23.468849 +0.003535
Prev. Close Volume Bid Ask Time
23.465314 2024-03-04 04:08:14
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