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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/Singapore Dollar (FOREX:GBPSGD)
Crossroads (-60) - GBPSGD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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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 UP since Dec 10th, 2024 at 1.712910
The short-term trend has been UP since Dec 24th, 2024 at 1.708175
Smart Scan Analysis for GBPSGD
Based on our trend formula, GBPSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.703220 | 1.704920 | 1.700420 | 1.700495 | -0.002725 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.703220 | 2024-12-26 09:48:29 |