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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Japanese Yen/Singapore Dollar (FOREX:JPYSGD)

Bull Market Weakness (+75) - JPYSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYSGD as it may be in the beginning stages of a reversal.

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
0.008540 0.008601 0.008540 0.008583 +0.000043
Entry Signal

MarketClub’s Trade Triangles for JPYSGD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.008914

intermediate term up The intermediate-term trend has been UP since Jul 15th, 2024 at 0.008524

short term up The short-term trend has been UP since Jul 12th, 2024 at 0.008517

Smart Scan Analysis for JPYSGD

Based on our trend formula, JPYSGD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for JPYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.008540 0.008601 0.008540 0.008583 +0.000043
Prev. Close Volume Bid Ask Time
0.008540 2024-07-22 09:11:17
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