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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.

FOREX_SGDCAD
Open High Low SGDCAD Price Change
0.954815 0.955545 0.951415 0.952985 -0.001830
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term down The long-term trend has been DOWN since Aug 21st, 2020 at 0.9612576

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2020 at 0.9646850

short term up 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).

-85
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.954815 0.955545 0.951415 0.952985 -0.001830
Prev. Close Volume Bid Ask Time
0.954815 2021-03-01 15:21:33
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