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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Singapore Dollar/Indian Rupee (FOREX:SGDINR)

Countertrend Up (+85) - SGDINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_SGDINR
Open High Low SGDINR Price Change
61.864950 61.939179 61.834177 61.889638 +0.024688
Entry Signal

MarketClub’s Trade Triangles for SGDINR

long term up The long-term trend has been UP since Jun 28th, 2022 at 56.942365

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2023 at 61.607418

short term down The short-term trend has been DOWN since Mar 27th, 2023 at 61.765079

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).

+85
Smart Scan Analysis for SGDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.864950 61.939179 61.834177 61.889638 +0.024688
Prev. Close Volume Bid Ask Time
61.864950 2023-03-28 08:19:42
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