Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Countertrend Up (+85) - SGDAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 28th, 2023 at 2.7579120
The intermediate-term trend has been UP since Nov 3rd, 2023 at 2.6977756
The short-term trend has been DOWN since Dec 1st, 2023 at 2.7448597
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).