Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Bull Market Weakness (+75) - SGDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SGDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDZAR
The long-term trend has been UP since May 2nd, 2022 at 11.602073
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 11.895596
The short-term trend has been UP since Aug 15th, 2022 at 11.898533
Smart Scan Analysis for SGDZAR
Based on our trend formula, SGDZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).