Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
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 Dec 6th, 2023 at 0.6800410
The intermediate-term trend has been DOWN since Dec 6th, 2023 at 0.6800410
The short-term trend has been DOWN since Dec 11th, 2023 at 0.6908942
Smart Scan Analysis for SGDEUR
Based on our trend formula, SGDEUR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).