Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Euro/Singapore Dollar (FOREX:EURSGD)
Bear Market Rally (-75) - EURSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURSGD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSGD
The long-term trend has been DOWN since Aug 25th, 2021 at 1.589765
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1.454865
The short-term trend has been UP since Aug 9th, 2022 at 1.408925
Smart Scan Analysis for EURSGD
Based on our trend formula, EURSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).