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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Countertrend Down (-85) - SGDAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SGDAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDAED
The long-term trend has been DOWN since Nov 12th, 2024 at 2.7447542
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 2.8128321
The short-term trend has been UP since Nov 19th, 2024 at 2.7442103
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.7432018 | 2.7471884 | 2.7414863 | 2.7448215 | +0.0016200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7424985 | 2024-11-19 22:33:34 |