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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Singapore Dollar/British Pound (FOREX:SGDGBP)

Long-Term Downtrend (-90) - SGDGBP is in a strong downtrend that is likely to continue. While SGDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SGDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDGBP
Open High Low SGDGBP Price Change
0.609335 0.612695 0.609055 0.612505 +0.003170
Entry Signal

MarketClub’s Trade Triangles for SGDGBP

long term down The long-term trend has been DOWN since Dec 13th, 2022 at 0.598695

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.615350

short term down The short-term trend has been DOWN since Mar 19th, 2023 at 0.611440

Smart Scan Analysis for SGDGBP

Based on our trend formula, SGDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.609335 0.612695 0.609055 0.612505 +0.003170
Prev. Close Volume Bid Ask Time
0.609335 2023-03-21 10:33:38
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