Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Bull Market Weakness (+75) - SGDAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDAED as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for SGDAED
The long-term trend has been DOWN since Mar 5th, 2021 at 2.7381731
The intermediate-term trend has been UP since Oct 18th, 2021 at 2.7257513
The short-term trend has been UP since Oct 13th, 2021 at 2.7159824
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).