Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Singapore Dollar/Australian Dollar (FOREX:SGDAUD)
Strong Downtrend (-100) - SGDAUD 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 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 DOWN since May 26th, 2020 at 1.0679300
The intermediate-term trend has been DOWN since Apr 8th, 2020 at 1.1257950
The short-term trend has been DOWN since May 18th, 2020 at 1.0855944
Smart Scan Analysis for SGDAUD
Based on our trend formula, SGDAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).