Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
Japanese Yen/Singapore Dollar (FOREX:JPYSGD)
Bear Market Rally (-75) - JPYSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYSGD as it may be in the beginning of a reversal.
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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYSGD
The long-term trend has been DOWN since Jun 4th, 2020 at 0.012796
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.013116
The short-term trend has been UP since Jul 8th, 2020 at 0.012981
Smart Scan Analysis for JPYSGD
Based on our trend formula, JPYSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).