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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.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.403630 1.406500 1.400835 1.405015 +0.001385
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term up The long-term trend has been UP since Apr 19th, 2022 at 1.369795

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2022 at 1.388315

short term up 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).

+90
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways 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
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