Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
British Pound/Singapore Dollar (FOREX:GBPSGD)
Countertrend Down (-85) - GBPSGD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPSGD
The long-term trend has been DOWN since Aug 5th, 2024 at 1.685835
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1.699600
The short-term trend has been UP since Nov 20th, 2024 at 1.699095
Smart Scan Analysis for GBPSGD
Based on our trend formula, GBPSGD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.693300 | 1.693500 | 1.692460 | 1.692745 | -0.000555 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.693300 | 2024-11-22 00:51:00 |