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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Weak Downtrend (-65) - SGDJPY is showing signs of a strengthening downtrend. Monitor SGDJPY as it may be building momentum to the downside.

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
100.1515 100.4330 99.9725 100.2410 +0.0895
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term down The long-term trend has been DOWN since Dec 2nd, 2022 at 99.2065

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 99.5690

short term up The short-term trend has been UP since Mar 28th, 2023 at 98.9585

Smart Scan Analysis for SGDJPY

Based on our trend formula, SGDJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
100.1515 100.4330 99.9725 100.2410 +0.0895
Prev. Close Volume Bid Ask Time
100.1515 2023-03-31 05:36:08
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