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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for SGDJPY
The long-term trend has been UP since Nov 14th, 2024 at 116.5611
The intermediate-term trend has been DOWN since Nov 19th, 2024 at 114.7520
The short-term trend has been UP since Nov 20th, 2024 at 116.0160
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 115.8210 | 116.2055 | 115.7923 | 116.1360 | +0.3150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 115.8210 | 2024-11-20 03:31:00 |