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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)

Bull Market Weakness (+75) - SGDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDCAD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SGDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDCAD
Open High Low SGDCAD Price Change
1.0156350 1.0162050 1.0118458 1.0119048 -0.0037300
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term up The long-term trend has been UP since Oct 25th, 2023 at 1.006310

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2023 at 1.000725

short term up The short-term trend has been UP since Dec 7th, 2023 at 1.015225

Smart Scan Analysis for SGDCAD

Based on our trend formula, SGDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0156350 1.0162050 1.0118458 1.0119048 -0.0037300
Prev. Close Volume Bid Ask Time
1.0156350 2023-12-08 21:36:07
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