Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Singapore Dollar/Euro (FOREX:SGDEUR)
Sidelines Mode (+55) - SGDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 25th, 2021 at 0.62898000
The intermediate-term trend has been UP since Aug 6th, 2021 at 0.62672621
The short-term trend has been DOWN since Oct 18th, 2021 at 0.63844746
Smart Scan Analysis for SGDEUR
Based on our trend formula, SGDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).