Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Strong Downtrend (-100) - SGDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for SGDGBP
The long-term trend has been DOWN since Jul 30th, 2020 at 0.5592500
The intermediate-term trend has been DOWN since Dec 17th, 2020 at 0.5545700
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.5370671
Smart Scan Analysis for SGDGBP
Based on our trend formula, SGDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).