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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Long-Term Downtrend (-90) - CADSGD is in a strong downtrend that is likely to continue. While CADSGD 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 CADSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADSGD.
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 CADSGD
The long-term trend has been DOWN since Oct 25th, 2023 at 0.9938125
The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.9816000
The short-term trend has been DOWN since Jul 23rd, 2024 at 0.9764000
Smart Scan Analysis for CADSGD
Based on our trend formula, CADSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9720500 | 0.9733279 | 0.9694000 | 0.9715104 | -0.0005400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9720500 | 2024-07-26 19:44:38 |