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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

British Pound/Singapore Dollar (FOREX:GBPSGD)

Countertrend Up (+85) - GBPSGD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1.856025 1.862200 1.853900 1.859825 +0.003800
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term up The long-term trend has been UP since Jul 30th, 2020 at 1.78820

intermediate term up The intermediate-term trend has been UP since Dec 17th, 2020 at 1.80323

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 1.85410

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).

+85
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.856025 1.862200 1.853900 1.859825 +0.003800
Prev. Close Volume Bid Ask Time
1.856025 2021-03-03 09:22:58
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