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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

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.

FOREX_GBPSGD
Open High Low GBPSGD Price Change
1.598455 1.598915 1.588175 1.596195 -0.002260
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term up The long-term trend has been UP since Dec 13th, 2022 at 1.670500

intermediate term down The intermediate-term trend has been DOWN since Feb 2nd, 2023 at 1.608025

short term down The short-term trend has been DOWN since Jan 23rd, 2023 at 1.629500

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).

-60
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.598455 1.598915 1.588175 1.596195 -0.002260
Prev. Close Volume Bid Ask Time
1.598455 2023-02-07 22:22:22
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