Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Sidelines Mode (-55) - USDSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for USDSGD
The long-term trend has been DOWN since Jul 26th, 2020 at 1.379900
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 1.323500
The short-term trend has been UP since Feb 26th, 2021 at 1.329605
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).