Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Weak Downtrend (-65) - SGDUSD is showing signs of a strengthening downtrend. Monitor SGDUSD as it may be building momentum to the downside.
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 Feb 3rd, 2020 at 0.7303000
The intermediate-term trend has been UP since Apr 29th, 2020 at 0.7088681
The short-term trend has been DOWN since May 22nd, 2020 at 0.7042000
Smart Scan Analysis for SGDUSD
Based on our trend formula, SGDUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).