Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Singapore Dollar/Japanese Yen (FOREX:SGDJPY)
Bear Market Rally (-75) - SGDJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDJPY as it may be in the beginning 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.
MarketClub’s Trade Triangles for SGDJPY
The long-term trend has been DOWN since Feb 2nd, 2020 at 79.3535
The intermediate-term trend has been DOWN since Jan 31st, 2020 at 79.5945
The short-term trend has been DOWN since Feb 24th, 2020 at 79.0555
Smart Scan Analysis for SGDJPY
Based on our trend formula, SGDJPY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).