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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Singapore Dollar/Australian Dollar (FOREX:SGDAUD)
Bull Market Weakness (+75) - SGDAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDAUD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for SGDAUD
The long-term trend has been DOWN since May 3rd, 2024 at 1.1167500
The intermediate-term trend has been UP since Jul 21st, 2024 at 1.1126100
The short-term trend has been UP since Jul 15th, 2024 at 1.1022155
Smart Scan Analysis for SGDAUD
Based on our trend formula, SGDAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1365450 | 1.1390088 | 1.1333250 | 1.1376310 | +0.0010860 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1365450 | 2024-07-26 20:21:06 |