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.
MarketClub’s Trade Triangles for SGDAUD
The long-term trend has been DOWN since Dec 10th, 2020 at 0.994440
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.971675
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).