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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2024.

Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)

Long-Term Uptrend (+90) - SGDCAD is in a strong uptrend that is likely to continue. While SGDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1.017705 1.018900 1.016905 1.017575 -0.000130
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term up The long-term trend has been UP since Oct 25th, 2023 at 1.0063100

intermediate term up The intermediate-term trend has been UP since Jul 12th, 2024 at 1.0169450

short term up The short-term trend has been UP since Jul 7th, 2024 at 1.0121108

Smart Scan Analysis for SGDCAD

Based on our trend formula, SGDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.017705 1.018900 1.016905 1.017575 -0.000130
Prev. Close Volume Bid Ask Time
1.017705 2024-07-16 12:13:21
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