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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Singapore Dollar/Euro (FOREX:SGDEUR)

Bear Market Rally (-75) - SGDEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDEUR as it may be in the beginning of a reversal.

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
0.64401246 0.64482865 0.64304564 0.64429047 +0.00027800
Entry Signal

MarketClub’s Trade Triangles for SGDEUR

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 0.65218827

intermediate term up The intermediate-term trend has been UP since May 7th, 2020 at 0.65365246

short term down The short-term trend has been DOWN since May 8th, 2020 at 0.64780266

Smart Scan Analysis for SGDEUR

Based on our trend formula, SGDEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SGDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64401246 0.64482865 0.64304564 0.64429047 +0.00027800
Prev. Close Volume Bid Ask Time
0.64401246 0.64420122 0.64437972 2020-05-25 14:45:10
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