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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Bull Market Weakness (+75) - SGDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDMYR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SGDMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDMYR
Open High Low SGDMYR Price Change
3.0940603 3.0982561 3.0933011 3.0961764 +0.0021160
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term down The long-term trend has been DOWN since Sep 29th, 2021 at 3.0762143

intermediate term up The intermediate-term trend has been UP since Nov 24th, 2021 at 3.0853540

short term up The short-term trend has been UP since Dec 1st, 2021 at 3.0986101

Smart Scan Analysis for SGDMYR

Based on our trend formula, SGDMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0940603 3.0982561 3.0933011 3.0961764 +0.0021160
Prev. Close Volume Bid Ask Time
3.0940603 2021-12-08 04:05:10
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