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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Bull Market Weakness (+75) - SGDGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDGBP as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for SGDGBP
The long-term trend has been UP since Aug 5th, 2024 at 0.592120
The intermediate-term trend has been UP since Nov 15th, 2024 at 0.588350
The short-term trend has been DOWN since Nov 20th, 2024 at 0.588705
Smart Scan Analysis for SGDGBP
Based on our trend formula, SGDGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.588880 | 0.588885 | 0.587345 | 0.588165 | -0.000715 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.588880 | 2024-11-20 03:37:59 |