Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Weak Uptrend (+65) - SGDUSD is showing signs of weakening momentum to the upside. Monitor SGDUSD as it may be in the beginning stages of a reversal.
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 UP since Jul 26th, 2020 at 0.7246903
The intermediate-term trend has been UP since Feb 14th, 2021 at 0.7556000
The short-term trend has been DOWN since Feb 25th, 2021 at 0.7539773
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).