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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Euro/Singapore Dollar (FOREX:EURSGD)
Bear Market Rally (-75) - EURSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURSGD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURSGD
The long-term trend has been DOWN since Nov 19th, 2024 at 1.41206
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 1.40780
The short-term trend has been UP since Jan 27th, 2025 at 1.41530
Smart Scan Analysis for EURSGD
Based on our trend formula, EURSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.404095 | 1.404635 | 1.403165 | 1.404325 | +0.000230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.404095 | 2025-02-05 01:48:50 |