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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.

FOREX_JPYSGD
Open High Low JPYSGD Price Change
0.009013 0.009034 0.008980 0.009030 +0.000017
Entry Signal

MarketClub’s Trade Triangles for JPYSGD

long term down The long-term trend has been DOWN since Apr 28th, 2023 at 0.009832

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2023 at 0.009365

short term up 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).

-55
Smart Scan Analysis for JPYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.009013 0.009034 0.008980 0.009030 +0.000017
Prev. Close Volume Bid Ask Time
0.009013 2023-11-28 13:39:39
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