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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Countertrend Up (+85) - USDSGD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Nov 13th, 2024 at 1.341935
The intermediate-term trend has been UP since Oct 4th, 2024 at 1.307545
The short-term trend has been DOWN since Nov 18th, 2024 at 1.339765
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.338530 | 1.340820 | 1.338255 | 1.340250 | +0.001720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.338530 | 2024-11-20 03:38:03 |