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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 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.
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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 Apr 14th, 2024 at 1.013025
The short-term trend has been UP since Apr 16th, 2024 at 1.013170
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.012005 | 1.012485 | 1.010555 | 1.011095 | -0.000910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.012005 | 2024-04-18 09:35:53 |