Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
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.
MarketClub’s Trade Triangles for GBPSGD
The long-term trend has been DOWN since Mar 13th, 2020 at 1.745855
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1.767535
The short-term trend has been UP since Apr 8th, 2020 at 1.767320
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).