Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Weak Downtrend (-65) - SGDAED is showing signs of a strengthening downtrend. Monitor SGDAED as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SGDAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDAED.
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 SGDAED
The long-term trend has been DOWN since Apr 2nd, 2024 at 2.7162805
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 2.7267519
The short-term trend has been DOWN since May 8th, 2024 at 2.7083884
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
2.7108448 | 2.7129186 | 2.7063951 | 2.7127246 | +0.0018800 |
Prev. Close | Volume | Bid | Ask | Time |
2.7108448 | 2024-05-09 10:15:36 |