Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Bear Market Rally (-75) - CADSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADSGD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for CADSGD
The long-term trend has been DOWN since Mar 8th, 2020 at 1.0209000
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 1.0210615
The short-term trend has been DOWN since Jul 27th, 2020 at 1.0291000
Smart Scan Analysis for CADSGD
Based on our trend formula, CADSGD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).