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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.

FOREX_SGDZAR
Open High Low SGDZAR Price Change
13.847612 13.869410 13.654055 13.654055 -0.193557
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 13.199653

intermediate term up The intermediate-term trend has been UP since Sep 6th, 2023 at 14.213293

short term down 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).

-75
Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways 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
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