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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

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.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.350025 1.350540 1.349500 1.349955 -0.000070
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term up The long-term trend has been UP since Apr 1st, 2024 at 1.35566

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 1.34528

short term up The short-term trend has been UP since May 20th, 2024 at 1.34830

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).

-55
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.350025 1.350540 1.349500 1.349955 -0.000070
Prev. Close Volume Bid Ask Time
1.350025 2024-05-23 04:54:44
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