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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Long-Term Downtrend (-90) - SGDIDR is in a strong downtrend that is likely to continue. While SGDIDR 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 ?

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

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FOREX_SGDIDR
Open High Low SGDIDR Price Change
9848.259 9887.280 9823.009 9882.298 +34.039
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term down The long-term trend has been DOWN since Jul 12th, 2019 at 10326.300

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2019 at 10275.651

short term down The short-term trend has been DOWN since Feb 4th, 2020 at 10001.465

Smart Scan Analysis for SGDIDR

Based on our trend formula, SGDIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9848.259 9887.280 9823.009 9882.298 +34.039
Prev. Close Volume Bid Ask Time
9848.259 9879.418 9885.177 2020-02-17 17:51:03
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