Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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.
MarketClub’s Trade Triangles for SGDJPY
The long-term trend has been DOWN since Feb 2nd, 2020 at 79.3535
The intermediate-term trend has been UP since May 19th, 2020 at 76.2435
The short-term trend has been UP since May 26th, 2020 at 75.8835
Smart Scan Analysis for SGDJPY
Based on our trend formula, SGDJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).