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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Long-Term Downtrend (-90) - SGDJPY is in a strong downtrend that is likely to continue. While SGDJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
107.6485 107.8945 107.4065 107.8070 +0.1585
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 107.2155

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 110.0090

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 111.1840

Smart Scan Analysis for SGDJPY

Based on our trend formula, SGDJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
107.6485 107.8945 107.4065 107.8070 +0.1585
Prev. Close Volume Bid Ask Time
107.6485 2023-12-08 04:27:34
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