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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Singapore Dollar/US Dollar (FOREX:SGDUSD)

Long-Term Downtrend (-90) - SGDUSD is in a strong downtrend that is likely to continue. While SGDUSD 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 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.

FOREX_SGDUSD
Open High Low SGDUSD Price Change
0.7379094 0.7380620 0.7342684 0.7347540 -0.0031550
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.7392623

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.7434945

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.7388522

Smart Scan Analysis for SGDUSD

Based on our trend formula, SGDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7379094 0.7380620 0.7342684 0.7347540 -0.0031550
Prev. Close Volume Bid Ask Time
0.7379094 2024-04-12 17:05:41
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