Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Strong Downtrend (-100) - SGDAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Feb 3rd, 2020 at 2.6834099
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 2.7160716
The short-term trend has been DOWN since Feb 13th, 2020 at 2.6415925
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).