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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Japanese Yen/Singapore Dollar (FOREX:JPYSGD)

Long-Term Downtrend (-90) - JPYSGD is in a strong downtrend that is likely to continue. While JPYSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid JPYSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYSGD.

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FOREX_JPYSGD
Open High Low JPYSGD Price Change
0.008636 0.008652 0.008630 0.008645 +0.000009
Entry Signal

MarketClub’s Trade Triangles for JPYSGD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.008914

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.008914

short term down The short-term trend has been DOWN since May 19th, 2024 at 0.008632

Smart Scan Analysis for JPYSGD

Based on our trend formula, JPYSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.008636 0.008652 0.008630 0.008645 +0.000009
Prev. Close Volume Bid Ask Time
0.008636 2024-05-20 05:54:31
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