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Forex Trend Analysis Report

Prepared for you on Tuesday, May 7, 2024.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Weak Uptrend (+65) - SGDIDR is showing signs of weakening momentum to the upside. Monitor SGDIDR as it may be in the beginning stages of a reversal.

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

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

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

FOREX_SGDIDR
Open High Low SGDIDR Price Change
11866.996 11881.977 11845.801 11867.159 +0.163
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term up The long-term trend has been UP since Aug 2nd, 2023 at 11372.946

intermediate term up The intermediate-term trend has been UP since Mar 3rd, 2024 at 11710.985

short term down The short-term trend has been DOWN since May 1st, 2024 at 11901.222

Smart Scan Analysis for SGDIDR

Based on our trend formula, SGDIDR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11866.996 11881.977 11845.801 11867.159 +0.163
Prev. Close Volume Bid Ask Time
11866.996 2024-05-07 19:34:08
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