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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Bear Market Rally (-75) - SGDJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDJPY as it may be in the beginning 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.

FOREX_SGDJPY
Open High Low SGDJPY Price Change
79.647 79.657 78.889 79.361 -0.286
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 79.3535

intermediate term down The intermediate-term trend has been DOWN since Jan 31st, 2020 at 79.5945

short term down The short-term trend has been DOWN since Feb 24th, 2020 at 79.0555

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).

-80
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
79.647 79.657 78.889 79.361 -0.286
Prev. Close Volume Bid Ask Time
79.647 79.355 79.367 2020-02-24 23:03:30
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