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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

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.

FOREX_SGDUSD
Open High Low SGDUSD Price Change
0.7155800 0.7159000 0.7154995 0.7156122 +0.0000320
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 0.7303000

intermediate term down The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 0.7393000

short term up The short-term trend has been UP since Feb 25th, 2020 at 0.7164352

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).

-85
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7155800 0.7159000 0.7154995 0.7156122 +0.0000320
Prev. Close Volume Bid Ask Time
0.7155800 0.7155737 0.7156506 2020-02-27 01:16:31
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