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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Bull Market Weakness (+75) - SGDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDJPY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SGDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDJPY
Open High Low SGDJPY Price Change
112.0930 112.2345 112.0645 112.1720 +0.0790
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term up The long-term trend has been UP since Feb 27th, 2024 at 112.5635

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 112.8930

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 112.0980

Smart Scan Analysis for SGDJPY

Based on our trend formula, SGDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
112.0930 112.2345 112.0645 112.1720 +0.0790
Prev. Close Volume Bid Ask Time
112.0930 2024-03-29 10:34:07
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