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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

British Pound/Singapore Dollar (FOREX:GBPSGD)

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

Is it time to buy, sell, or avoid GBPSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPSGD
Open High Low GBPSGD Price Change
1.670700 1.675445 1.670700 1.672365 +0.001665
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 1.672600

intermediate term down The intermediate-term trend has been DOWN since Aug 29th, 2023 at 1.703895

short term down The short-term trend has been DOWN since Sep 3rd, 2023 at 1.702655

Smart Scan Analysis for GBPSGD

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

-100
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.670700 1.675445 1.670700 1.672365 +0.001665
Prev. Close Volume Bid Ask Time
1.670700 2023-09-24 19:46:19
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