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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Canadian Dollar/Singapore Dollar (FOREX:CADSGD)

Strong Downtrend (-100) - CADSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADSGD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CADSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADSGD
Open High Low CADSGD Price Change
0.9754438 0.9756554 0.9750000 0.9752500 -0.0001940
Entry Signal

MarketClub’s Trade Triangles for CADSGD

long term down The long-term trend has been DOWN since Oct 25th, 2023 at 0.9938125

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.9816000

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 0.9764000

Smart Scan Analysis for CADSGD

Based on our trend formula, CADSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CADSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9754438 0.9756554 0.9750000 0.9752500 -0.0001940
Prev. Close Volume Bid Ask Time
0.9754438 2024-07-24 01:18:28
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