Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Crossroads (-60) - SGDCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 19th, 2021 at 0.940120
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.932905
The short-term trend has been DOWN since Oct 14th, 2021 at 0.917000
Smart Scan Analysis for SGDCAD
Based on our trend formula, SGDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).