Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
British Pound/Singapore Dollar (FOREX:GBPSGD)
Strong Uptrend (+100) - GBPSGD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPSGD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 1.788200
The intermediate-term trend has been UP since Jul 9th, 2020 at 1.762105
The short-term trend has been UP since Jul 20th, 2020 at 1.754005
Smart Scan Analysis for GBPSGD
Based on our trend formula, GBPSGD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).