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Forex Trend Analysis Report

Prepared for you on Saturday, November 2, 2024.

British Pound/Singapore Dollar (FOREX:GBPSGD)

Sidelines Mode (+55) - GBPSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.7138 1.7138 1.7138 1.7138 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 1.685835

intermediate term up The intermediate-term trend has been UP since Aug 27th, 2024 at 1.722710

short term down The short-term trend has been DOWN since Oct 31st, 2024 at 1.712300

Smart Scan Analysis for GBPSGD

Based on our trend formula, GBPSGD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7138 1.7138 1.7138 1.7138 0.0000
Prev. Close Volume Bid Ask Time
1.7138 2024-11-02 16:53:40
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