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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.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.325145 1.326400 1.323975 1.324905 -0.000240
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 1.366750

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2023 at 1.339200

short term down 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).

-100
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways 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
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