Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Singapore Dollar/Swiss Franc (FOREX:SGDCHF)
Sidelines Mode (+55) - SGDCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDCHF
The long-term trend has been UP since Jan 31st, 2022 at 0.6881752
The intermediate-term trend has been DOWN since Jun 20th, 2022 at 0.6937264
The short-term trend has been UP since Jul 3rd, 2022 at 0.6897725
Smart Scan Analysis for SGDCHF
Based on our trend formula, SGDCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).