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.
MarketClub’s Trade Triangles for SGDJPY
The long-term trend has been UP since Jan 6th, 2021 at 78.3680
The intermediate-term trend has been UP since Jan 28th, 2021 at 78.5290
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).