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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.

FOREX_SGDAUD
Open High Low SGDAUD Price Change
1.000595 1.003760 0.997310 0.997970 -0.002625
Entry Signal

MarketClub’s Trade Triangles for SGDAUD

long term up The long-term trend has been UP since Jun 17th, 2021 at 0.985080

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 1.010355

short term up 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).

-55
Smart Scan Analysis for SGDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.000595 1.003760 0.997310 0.997970 -0.002625
Prev. Close Volume Bid Ask Time
1.000595 2021-10-18 22:39:35
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