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.
MarketClub’s Trade Triangles for SGDCAD
The long-term trend has been UP since Oct 25th, 2023 at 1.006310
The intermediate-term trend has been UP since Oct 4th, 2023 at 1.000725
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).