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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.

FOREX_SGDZAR
Open High Low SGDZAR Price Change
12.195639 12.238537 12.152056 12.219034 +0.023395
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term up The long-term trend has been UP since May 2nd, 2022 at 11.602073

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 11.895596

short term up 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).

+75
Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.195639 12.238537 12.152056 12.219034 +0.023395
Prev. Close Volume Bid Ask Time
12.195639 2022-08-19 06:29:58
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