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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)

Strong Downtrend (-100) - SGDAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

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FOREX_SGDAED
Open High Low SGDAED Price Change
2.6271220 2.6300552 2.6255649 2.6283296 +0.0012080
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 2.6834099

intermediate term down The intermediate-term trend has been DOWN since Jan 27th, 2020 at 2.7160716

short term down The short-term trend has been DOWN since Feb 13th, 2020 at 2.6415925

Smart Scan Analysis for SGDAED

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

-100
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6271220 2.6300552 2.6255649 2.6283296 +0.0012080
Prev. Close Volume Bid Ask Time
2.6271220 2.6266894 2.6299698 2020-02-26 23:48:00
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