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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
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.
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MarketClub’s Trade Triangles for SGDAED
The long-term trend has been DOWN since Apr 2nd, 2024 at 2.7162805
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 2.7267519
The short-term trend has been DOWN since Apr 21st, 2024 at 2.6923050
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6984154 | 2.6984154 | 2.6938083 | 2.6970427 | -0.0013730 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6984154 | 2024-04-23 03:38:10 |