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.
MarketClub’s Trade Triangles for SGDGBP
The long-term trend has been DOWN since Dec 13th, 2022 at 0.598695
The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.615350
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).