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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.

FOREX_GBPSGD
Open High Low GBPSGD Price Change
1.767035 1.771705 1.762645 1.769130 +0.002095
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term down The long-term trend has been DOWN since Mar 13th, 2020 at 1.745855

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1.767535

short term up 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).

-55
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.767035 1.771705 1.762645 1.769130 +0.002095
Prev. Close Volume Bid Ask Time
1.767035 1.768870 1.769390 2020-04-09 07:25:47
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