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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.

FOREX_SGDAED
Open High Low SGDAED Price Change
2.7108448 2.7129186 2.7063951 2.7127246 +0.0018800
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 2.7162805

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 2.7267519

short term down 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).

-70
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways 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
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