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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Japanese Yen/Singapore Dollar (FOREX:JPYSGD)

Countertrend Down (-85) - JPYSGD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid JPYSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYSGD
Open High Low JPYSGD Price Change
0.008921 0.008924 0.008909 0.008914 -0.000007
Entry Signal

MarketClub’s Trade Triangles for JPYSGD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.008914

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.008914

short term up The short-term trend has been UP since Mar 28th, 2024 at 0.008919

Smart Scan Analysis for JPYSGD

Based on our trend formula, JPYSGD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for JPYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.008921 0.008924 0.008909 0.008914 -0.000007
Prev. Close Volume Bid Ask Time
0.008921 2024-03-29 07:52:54
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