Forex Trend Analysis Report
Prepared for you on Saturday, June 19, 2021.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Countertrend Down (-85) - SGDTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for SGDTWD
The long-term trend has been DOWN since Feb 5th, 2021 at 20.878684
The intermediate-term trend has been DOWN since Apr 22nd, 2021 at 21.109378
The short-term trend has been UP since Jun 17th, 2021 at 20.939932
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).