Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
British Pound/Singapore Dollar (FOREX:GBPSGD)
Bull Market Weakness (+75) - GBPSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPSGD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPSGD
The long-term trend has been UP since Jul 30th, 2020 at 1.788200
The intermediate-term trend has been UP since Oct 13th, 2020 at 1.774325
The short-term trend has been DOWN since Nov 26th, 2020 at 1.786300
Smart Scan Analysis for GBPSGD
Based on our trend formula, GBPSGD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).