Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Long-Term Uptrend (+90) - CADSGD is in a strong uptrend that is likely to continue. While CADSGD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Aug 21st, 2020 at 1.0399670
The intermediate-term trend has been UP since Jan 14th, 2021 at 1.0464510
The short-term trend has been UP since Mar 2nd, 2021 at 1.0533774
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).