Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
US Dollar/ (FOREX:USDSDG)
Long-Term Downtrend (-90) - USDSDG is in a strong downtrend that is likely to continue. While USDSDG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDSDG?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSDG.
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 USDSDG
The long-term trend has been DOWN since Nov 6th, 2023 at 600.0
The intermediate-term trend has been DOWN since Mar 11th, 2024 at 600.5
The short-term trend has been DOWN since Mar 11th, 2024 at 600.5
Smart Scan Analysis for USDSDG
Based on our trend formula, USDSDG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
586.0 | 586.0 | 585.5 | 585.5 | -0.5 |
Prev. Close | Volume | Bid | Ask | Time |
586.0 | 2024-03-18 17:18:43 |