Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Bear Market Rally (-75) - SGDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SGDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDUSD.
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 SGDUSD
The long-term trend has been DOWN since Apr 1st, 2024 at 0.7392623
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.7434945
The short-term trend has been UP since Apr 17th, 2024 at 0.7355105
Smart Scan Analysis for SGDUSD
Based on our trend formula, SGDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7346100 | 0.7354000 | 0.7331379 | 0.7348024 | +0.0001920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7346100 | 2024-04-23 20:08:59 |