Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Sidelines Mode (-55) - CADSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 24th, 2022 at 1.0825731
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 1.0665633
The short-term trend has been UP since Aug 17th, 2022 at 1.0742617
Smart Scan Analysis for CADSGD
Based on our trend formula, CADSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).