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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.

FOREX_GBPSGD
Open High Low GBPSGD Price Change
1.799465 1.801015 1.797000 1.800945 +0.001480
Entry Signal

MarketClub’s Trade Triangles for GBPSGD

long term up The long-term trend has been UP since Jul 30th, 2020 at 1.788200

intermediate term up The intermediate-term trend has been UP since Jul 9th, 2020 at 1.762105

short term up 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).

+100
Smart Scan Analysis for GBPSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.799465 1.801015 1.797000 1.800945 +0.001480
Prev. Close Volume Bid Ask Time
1.799465 1.800760 1.801130 2020-08-04 03:41:52
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