Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
Australian Dollar/Singapore Dollar (FOREX:AUDSGD)
Bull Market Weakness (+75) - AUDSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDSGD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid AUDSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDSGD
The long-term trend has been UP since Dec 10th, 2020 at 1.0056
The intermediate-term trend has been UP since Apr 18th, 2021 at 1.0357
The short-term trend has been DOWN since May 12th, 2021 at 1.0362
Smart Scan Analysis for AUDSGD
Based on our trend formula, AUDSGD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).