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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Euro (FOREX:SGDEUR)
Sidelines Mode (+55) - SGDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDEUR.
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 SGDEUR
The long-term trend has been UP since Apr 16th, 2024 at 0.6928100
The intermediate-term trend has been UP since Apr 11th, 2024 at 0.6895127
The short-term trend has been DOWN since May 7th, 2024 at 0.6857106
Smart Scan Analysis for SGDEUR
Based on our trend formula, SGDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6865845 | 0.6872854 | 0.6854481 | 0.6856759 | -0.0009090 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6865845 | 2024-05-09 13:11:25 |