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Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
Singapore Dollar/Euro (FOREX:SGDEUR)
Countertrend Up (+85) - SGDEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDEUR.
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 SGDEUR
The long-term trend has been UP since Aug 25th, 2021 at 0.6289800
The intermediate-term trend has been UP since Jun 13th, 2022 at 0.6869549
The short-term trend has been DOWN since Aug 9th, 2022 at 0.7097333
Smart Scan Analysis for SGDEUR
Based on our trend formula, SGDEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7115311 | 0.7117439 | 0.7083158 | 0.7103736 | -0.0011570 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7115311 | 2022-08-09 16:19:32 |