Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Strong Downtrend (-100) - SGDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGDUSD continues to fall. 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.
MarketClub’s Trade Triangles for SGDUSD
The long-term trend has been DOWN since Apr 19th, 2022 at 0.7307244
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.7202000
The short-term trend has been DOWN since Jun 29th, 2022 at 0.7202000
Smart Scan Analysis for SGDUSD
Based on our trend formula, SGDUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).