Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Singapore Dollar (FOREX:EURSGD)
Countertrend Down (-85) - EURSGD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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 Aug 6th, 2021 at 1.595660
The short-term trend has been UP since Oct 18th, 2021 at 1.566185
Smart Scan Analysis for EURSGD
Based on our trend formula, EURSGD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).