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Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Bear Market Rally (-75) - SGDZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDZAR as it may be in the beginning 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.
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MarketClub’s Trade Triangles for SGDZAR
The long-term trend has been DOWN since Jul 20th, 2023 at 13.199653
The intermediate-term trend has been UP since Sep 6th, 2023 at 14.213293
The short-term trend has been DOWN since Sep 13th, 2023 at 13.845741
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.847612 | 13.869410 | 13.654055 | 13.654055 | -0.193557 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.847612 | 2023-09-22 17:07:33 |