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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Strong Uptrend (+100) - SGDCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SGDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCAD.
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 SGDCAD
The long-term trend has been UP since Oct 25th, 2023 at 1.006310
The intermediate-term trend has been UP since May 8th, 2024 at 1.014595
The short-term trend has been UP since Apr 30th, 2024 at 1.005615
Smart Scan Analysis for SGDCAD
Based on our trend formula, SGDCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.012815 | 1.013135 | 1.011225 | 1.012275 | -0.000540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.012815 | 2024-05-09 09:21:05 |