Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Singapore Dollar/Japanese Yen (FOREX:SGDJPY)
Long-Term Downtrend (-90) - SGDJPY is in a strong downtrend that is likely to continue. While SGDJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Dec 7th, 2023 at 107.2155
The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 110.0090
The short-term trend has been DOWN since Nov 27th, 2023 at 111.1840
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).