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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

US Dollar/Singapore Dollar (FOREX:USDSGD)

Weak Downtrend (-65) - USDSGD is showing signs of a strengthening downtrend. Monitor USDSGD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.41374 1.41374 1.41374 1.41374 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term up The long-term trend has been UP since Feb 3rd, 2020 at 1.3691

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2020 at 1.4111

short term down The short-term trend has been DOWN since May 26th, 2020 at 1.4196

Smart Scan Analysis for USDSGD

Based on our trend formula, USDSGD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.41374 1.41374 1.41374 1.41374 0.00000
Prev. Close Volume Bid Ask Time
1.41374 1.41258 1.41490 2020-05-30 21:02:22
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