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.
MarketClub’s Trade Triangles for GBPSGD
The long-term trend has been UP since Dec 13th, 2022 at 1.670500
The intermediate-term trend has been DOWN since Feb 2nd, 2023 at 1.608025
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).