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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Singapore Dollar/Australian Dollar (FOREX:SGDAUD)

Crossroads (-60) - SGDAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_SGDAUD
Open High Low SGDAUD Price Change
1.1360250 1.1412185 1.1355550 1.1364150 +0.0003900
Entry Signal

MarketClub’s Trade Triangles for SGDAUD

long term up The long-term trend has been UP since Mar 5th, 2024 at 1.147905

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 1.131215

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 1.137135

Smart Scan Analysis for SGDAUD

Based on our trend formula, SGDAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1360250 1.1412185 1.1355550 1.1364150 +0.0003900
Prev. Close Volume Bid Ask Time
1.1360250 2024-03-28 14:02:55
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