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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

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.

FOREX_CADSGD
Open High Low CADSGD Price Change
1.0096382 1.0145974 1.0046501 1.0105213 +0.0008830
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 Mar 3rd, 2020 at 1.0360985

short term down The short-term trend has been DOWN since Mar 30th, 2020 at 1.0103900

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).

-90
Smart Scan Analysis for CADSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0096382 1.0145974 1.0046501 1.0105213 +0.0008830
Prev. Close Volume Bid Ask Time
1.0096382 1.0100060 1.0110366 2020-04-01 14:09:11
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