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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

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

Long-Term Downtrend (-90) - SGDAED is in a strong downtrend that is likely to continue. While SGDAED is showing intraday strength, it remains in the confines of a bearish trend. 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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDAED
Open High Low SGDAED Price Change
2.6366712 2.6371997 2.6261681 2.6303430 -0.0063280
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Apr 22nd, 2022 at 2.6842068

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 2.6460938

short term down The short-term trend has been DOWN since Jun 29th, 2022 at 2.6442355

Smart Scan Analysis for SGDAED

Based on our trend formula, SGDAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6366712 2.6371997 2.6261681 2.6303430 -0.0063280
Prev. Close Volume Bid Ask Time
2.6366712 2022-07-01 17:22:23
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