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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.

FOREX_SGDJPY
Open High Low SGDJPY Price Change
76.6140 76.7120 76.5734 76.6615 +0.0475
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 up The intermediate-term trend has been UP since May 19th, 2020 at 76.2435

short term up 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).

+70
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
76.6140 76.7120 76.5734 76.6615 +0.0475
Prev. Close Volume Bid Ask Time
76.6140 76.6580 76.6650 2020-06-02 01:55:38
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