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.
MarketClub’s Trade Triangles for EURSGD
The long-term trend has been DOWN since Nov 22nd, 2023 at 1.43605
The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 1.44193
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).