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Forex Trend Analysis Report

Prepared for you on Sunday, December 5, 2021.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Crossroads (-60) - SGDJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
82.6560 82.9080 82.1280 82.2265 -0.4295
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term up The long-term trend has been UP since Oct 8th, 2021 at 82.8605

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2021 at 83.8770

short term down The short-term trend has been DOWN since Dec 3rd, 2021 at 82.3775

Smart Scan Analysis for SGDJPY

Based on our trend formula, SGDJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.6560 82.9080 82.1280 82.2265 -0.4295
Prev. Close Volume Bid Ask Time
82.6560 2021-12-03 17:03:01
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