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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Singapore Dollar (FOREX:USDSGD)

Crossroads (+60) - USDSGD 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 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.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.3497 1.3500 1.3489 1.3491 -0.0006
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term down The long-term trend has been DOWN since Nov 22nd, 2023 at 1.331295

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 1.345000

short term up The short-term trend has been UP since Mar 27th, 2024 at 1.345000

Smart Scan Analysis for USDSGD

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

+60
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3497 1.3500 1.3489 1.3491 -0.0006
Prev. Close Volume Bid Ask Time
1.3497 2024-03-29 08:05:14
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