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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Long-Term Uptrend (+90) - SGDJPY is in a strong uptrend that is likely to continue. While SGDJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_SGDJPY
Open High Low SGDJPY Price Change
80.7580 80.9585 80.5405 80.6645 -0.0935
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term up The long-term trend has been UP since Jan 6th, 2021 at 78.3680

intermediate term up The intermediate-term trend has been UP since Jan 28th, 2021 at 78.5290

short term up The short-term trend has been UP since Feb 23rd, 2021 at 79.9115

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
80.7580 80.9585 80.5405 80.6645 -0.0935
Prev. Close Volume Bid Ask Time
80.7580 2021-03-05 17:00:55
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