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Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Strong Downtrend (-100) - USDSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDSGD continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 15th, 2022 at 1.366750
The intermediate-term trend has been DOWN since Mar 19th, 2023 at 1.339200
The short-term trend has been DOWN since Mar 17th, 2023 at 1.341015
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.325145 | 1.326400 | 1.323975 | 1.324905 | -0.000240 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.325145 | 2023-03-23 03:40:13 |