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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Singapore Dollar/Japanese Yen (FOREX:SGDJPY)
Countertrend Up (+85) - SGDJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 19th, 2024 at 114.9660
The short-term trend has been UP since Jan 20th, 2025 at 114.8265
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 114.3053 | 114.8410 | 114.2355 | 114.8330 | +0.5277 |
| Prev. Close | Volume | Bid | Ask | Time |
| 114.3053 | 2025-01-20 09:49:57 |