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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Canadian Dollar/Singapore Dollar (FOREX:CADSGD)

Sidelines Mode (+55) - CADSGD 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 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
1.0916225 1.0917621 1.0909952 1.0910599 -0.0005630
Entry Signal

MarketClub’s Trade Triangles for CADSGD

long term down The long-term trend has been DOWN since Aug 19th, 2021 at 1.0634953

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 1.0726420

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 1.0879937

Smart Scan Analysis for CADSGD

Based on our trend formula, CADSGD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0916225 1.0917621 1.0909952 1.0910599 -0.0005630
Prev. Close Volume Bid Ask Time
1.0916225 2021-10-21 00:16:59
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