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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.

FOREX_SGDEUR
Open High Low SGDEUR Price Change
0.7115311 0.7117439 0.7083158 0.7103736 -0.0011570
Entry Signal

MarketClub’s Trade Triangles for SGDEUR

long term up The long-term trend has been UP since Aug 25th, 2021 at 0.6289800

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 0.6869549

short term down 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).

+85
Smart Scan Analysis for SGDEUR
Strong Downtrend Sideways 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
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