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.
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 Mar 3rd, 2020 at 1.0360985
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).