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Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

Euro/Singapore Dollar (FOREX:EURSGD)

Strong Downtrend (-100) - EURSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURSGD continues to fall. Traders should use caution and set stops.

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.

FOREX_EURSGD
Open High Low EURSGD Price Change
1.444880 1.446100 1.442435 1.445065 +0.000185
Entry Signal

MarketClub’s Trade Triangles for EURSGD

long term down The long-term trend has been DOWN since Nov 22nd, 2023 at 1.43605

intermediate term down The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 1.44193

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 1.46210

Smart Scan Analysis for EURSGD

Based on our trend formula, EURSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for EURSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.444880 1.446100 1.442435 1.445065 +0.000185
Prev. Close Volume Bid Ask Time
1.444880 2023-12-07 16:20:30
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