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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Countertrend Down (-85) - SGDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SGDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDUSD
The long-term trend has been DOWN since Nov 12th, 2024 at 0.7471000
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.7655000
The short-term trend has been UP since Nov 18th, 2024 at 0.7463996
Smart Scan Analysis for SGDUSD
Based on our trend formula, SGDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7470882 | 0.7473284 | 0.7458011 | 0.7462018 | -0.0008860 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7470882 | 2024-11-20 03:28:03 |