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.
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MarketClub’s Trade Triangles for SGDIDR
The long-term trend has been UP since Aug 2nd, 2023 at 11372.946
The intermediate-term trend has been UP since Mar 3rd, 2024 at 11710.985
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).
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 |