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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.

FOREX_CADSGD
Open High Low CADSGD Price Change
1.0259514 1.0289482 1.0239000 1.0277200 +0.0017690
Entry Signal

MarketClub’s Trade Triangles for CADSGD

long term down The long-term trend has been DOWN since Mar 8th, 2020 at 1.0209000

intermediate term down The intermediate-term trend has been DOWN since Jul 30th, 2020 at 1.0210615

short term down 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).

-80
Smart Scan Analysis for CADSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0259514 1.0289482 1.0239000 1.0277200 +0.0017690
Prev. Close Volume Bid Ask Time
1.0259514 1.0275800 1.0278600 2020-08-03 19:26:03
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