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.
MarketClub’s Trade Triangles for GBPSGD
The long-term trend has been UP since Jul 30th, 2020 at 1.78820
The intermediate-term trend has been UP since Dec 17th, 2020 at 1.80323
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).