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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Australian Dollar (FOREX:SGDAUD)
Countertrend Down (-85) - SGDAUD 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 SGDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDAUD.
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 SGDAUD
The long-term trend has been DOWN since May 3rd, 2024 at 1.1167500
The intermediate-term trend has been DOWN since Apr 28th, 2024 at 1.1198700
The short-term trend has been UP since May 8th, 2024 at 1.1225318
Smart Scan Analysis for SGDAUD
Based on our trend formula, SGDAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.121235 | 1.123015 | 1.120310 | 1.120935 | -0.000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.121235 | 2024-05-09 06:43:04 |