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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
Countertrend Down (-85) - SGDINR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SGDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDINR.
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 SGDINR
The long-term trend has been DOWN since Nov 25th, 2024 at 62.547471
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 62.425809
The short-term trend has been UP since Dec 23rd, 2024 at 62.780431
Smart Scan Analysis for SGDINR
Based on our trend formula, SGDINR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 62.640829 | 62.640829 | 62.555222 | 62.556222 | -0.084607 |
| Prev. Close | Volume | Bid | Ask | Time |
| 62.640829 | 2024-12-26 19:45:35 |