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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Singapore Dollar/Indian Rupee (FOREX:SGDINR)

Long-Term Downtrend (-90) - SGDINR is in a strong downtrend that is likely to continue. While SGDINR 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 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
61.277656 61.280637 61.263054 61.267270 -0.010386
Entry Signal

MarketClub’s Trade Triangles for SGDINR

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 61.418172

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 61.702624

short term down The short-term trend has been DOWN since Apr 21st, 2024 at 61.203048

Smart Scan Analysis for SGDINR

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

-90
Smart Scan Analysis for SGDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.277656 61.280637 61.263054 61.267270 -0.010386
Prev. Close Volume Bid Ask Time
61.277656 2024-04-25 01:27:35
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