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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
British Pound/Singapore Dollar (FOREX:GBPSGD)
Sidelines Mode (+55) - GBPSGD 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 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 UP since Jan 11th, 2024 at 1.7000
The intermediate-term trend has been UP since Apr 29th, 2024 at 1.7085
The short-term trend has been DOWN since May 2nd, 2024 at 1.7019
Smart Scan Analysis for GBPSGD
Based on our trend formula, GBPSGD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6933 | 1.6933 | 1.6933 | 1.6933 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6933 | 2024-05-04 21:29:45 |