Forex Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
Singapore Dollar/Japanese Yen (FOREX:SGDJPY)
Crossroads (-60) - SGDJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Oct 8th, 2021 at 82.8605
The intermediate-term trend has been DOWN since Nov 8th, 2021 at 83.8770
The short-term trend has been DOWN since Dec 3rd, 2021 at 82.3775
Smart Scan Analysis for SGDJPY
Based on our trend formula, SGDJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).