Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Countertrend Down (-85) - SGDCAD 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 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 DOWN since Aug 21st, 2020 at 0.9612576
The intermediate-term trend has been DOWN since Nov 3rd, 2020 at 0.9646850
The short-term trend has been UP since Feb 26th, 2021 at 0.9566650
Smart Scan Analysis for SGDCAD
Based on our trend formula, SGDCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).