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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Singapore Dollar/Australian Dollar (FOREX:SGDAUD)

Countertrend Down (-85) - SGDAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SGDAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDAUD
Open High Low SGDAUD Price Change
0.970270 0.972315 0.966595 0.967125 -0.003145
Entry Signal

MarketClub’s Trade Triangles for SGDAUD

long term down The long-term trend has been DOWN since Dec 10th, 2020 at 0.994440

intermediate term down The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.971675

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.961615

Smart Scan Analysis for SGDAUD

Based on our trend formula, SGDAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SGDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.970270 0.972315 0.966595 0.967125 -0.003145
Prev. Close Volume Bid Ask Time
0.970270 2021-03-01 11:49:41
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