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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.

FOREX_EURSGD
Open High Low EURSGD Price Change
1.564490 1.570200 1.563600 1.569235 +0.004745
Entry Signal

MarketClub’s Trade Triangles for EURSGD

long term down The long-term trend has been DOWN since Aug 25th, 2021 at 1.589765

intermediate term down The intermediate-term trend has been DOWN since Aug 6th, 2021 at 1.595660

short term up 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).

-85
Smart Scan Analysis for EURSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.564490 1.570200 1.563600 1.569235 +0.004745
Prev. Close Volume Bid Ask Time
1.564490 2021-10-22 19:32:05
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