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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
Sidelines Mode (+55) - SGDINR 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 SGDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDINR.
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 SGDINR
The long-term trend has been DOWN since Mar 4th, 2024 at 61.418172
The intermediate-term trend has been UP since May 3rd, 2024 at 61.938908
The short-term trend has been DOWN since May 7th, 2024 at 61.595867
Smart Scan Analysis for SGDINR
Based on our trend formula, SGDINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 61.593549 | 61.601576 | 61.526943 | 61.567783 | -0.025766 |
| Prev. Close | Volume | Bid | Ask | Time |
| 61.593549 | 2024-05-09 06:58:27 |