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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.

FOREX_SGDTWD
Open High Low SGDTWD Price Change
20.716087 20.746840 20.702875 20.746840 +0.030753
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term up The long-term trend has been UP since Oct 14th, 2021 at 20.814797

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2021 at 20.707599

short term down 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).

+85
Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways 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
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