Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Japanese Yen/Singapore Dollar (FOREX:JPYSGD)
Sidelines Mode (-55) - JPYSGD 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 JPYSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYSGD
The long-term trend has been DOWN since Apr 28th, 2023 at 0.009832
The intermediate-term trend has been DOWN since Jul 31st, 2023 at 0.009365
The short-term trend has been UP since Nov 27th, 2023 at 0.008995
Smart Scan Analysis for JPYSGD
Based on our trend formula, JPYSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).