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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Singapore Dollar/British Pound (FOREX:SGDGBP)

Sidelines Mode (+55) - SGDGBP 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 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
0.589665 0.589675 0.589465 0.589505 -0.000160
Entry Signal

MarketClub’s Trade Triangles for SGDGBP

long term down The long-term trend has been DOWN since Jan 11th, 2024 at 0.58826500

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 0.58825500

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 0.58972716

Smart Scan Analysis for SGDGBP

Based on our trend formula, SGDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.589665 0.589675 0.589465 0.589505 -0.000160
Prev. Close Volume Bid Ask Time
0.589665 2024-04-25 00:54:51
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