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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Countertrend Up (+85) - USDSGD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSGD.
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 USDSGD
The long-term trend has been UP since Apr 1st, 2024 at 1.355660
The intermediate-term trend has been UP since Apr 10th, 2024 at 1.357315
The short-term trend has been DOWN since Apr 17th, 2024 at 1.359665
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.363485 | 1.363600 | 1.359855 | 1.361575 | -0.001910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.363485 | 2024-04-19 14:22:47 |