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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

British Pound/Singapore Dollar (FOREX:GBPSGD)

Weak Downtrend (-65) - GBPSGD is showing signs of a strengthening downtrend. Monitor GBPSGD as it may be building momentum to the downside.

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
1.68135 1.69570 1.68130 1.69332 +0.01197
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term up The long-term trend has been UP since Jan 11th, 2024 at 1.70000

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 1.69940

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 1.69262

Smart Scan Analysis for GBPSGD

Based on our trend formula, GBPSGD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.68135 1.69570 1.68130 1.69332 +0.01197
Prev. Close Volume Bid Ask Time
1.68135 2024-04-23 22:58:56
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