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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Sidelines Mode (-55) - SGDIDR 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 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
10714.203 10732.046 10665.679 10690.190 -24.013
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term up The long-term trend has been UP since Jun 16th, 2022 at 10686.299

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2022 at 10697.982

short term up The short-term trend has been UP since Aug 10th, 2022 at 10816.304

Smart Scan Analysis for SGDIDR

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

-55
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10714.203 10732.046 10665.679 10690.190 -24.013
Prev. Close Volume Bid Ask Time
10714.203 2022-08-19 17:00:28
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