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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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
1.652815 1.654565 1.641730 1.644190 -0.008625
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 1.8441

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 1.6594

short term down The short-term trend has been DOWN since Aug 18th, 2022 at 1.6575

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
1.652815 1.654565 1.641730 1.644190 -0.008625
Prev. Close Volume Bid Ask Time
1.652815 2022-08-19 16:42:19
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