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Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Long-Term Uptrend (+90) - USDSGD is in a strong uptrend that is likely to continue. While USDSGD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDSGD
The long-term trend has been UP since Apr 19th, 2022 at 1.369795
The intermediate-term trend has been UP since Jun 12th, 2022 at 1.388315
The short-term trend has been UP since Jun 29th, 2022 at 1.389770
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.403630 | 1.406500 | 1.400835 | 1.405015 | +0.001385 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.403630 | 2022-07-06 15:20:12 |