Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Bear Market Rally (-75) - SGDAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDAED as it may be in the beginning 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 Feb 3rd, 2020 at 2.6834099
The intermediate-term trend has been UP since Apr 9th, 2020 at 2.5901702
The short-term trend has been DOWN since May 22nd, 2020 at 2.5868106
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).