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.
MarketClub’s Trade Triangles for SGDAED
The long-term trend has been DOWN since Apr 22nd, 2022 at 2.6842068
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 2.6460938
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).