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.
MarketClub’s Trade Triangles for SGDEUR
The long-term trend has been DOWN since Feb 27th, 2020 at 0.65218827
The intermediate-term trend has been UP since May 7th, 2020 at 0.65365246
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).