Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Countertrend Down (-85) - USDSGD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for USDSGD
The long-term trend has been DOWN since Nov 22nd, 2023 at 1.331295
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 1.350000
The short-term trend has been UP since Dec 4th, 2023 at 1.338700
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).