Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Singapore Dollar/Australian Dollar (FOREX:SGDAUD)
Sidelines Mode (-55) - SGDAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SGDAUD
The long-term trend has been UP since Jun 17th, 2021 at 0.985080
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 1.010355
The short-term trend has been UP since Oct 18th, 2021 at 1.003510
Smart Scan Analysis for SGDAUD
Based on our trend formula, SGDAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).