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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)

Strong Downtrend (-100) - SGDAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGDAED continues to fall. Traders should use caution and set stops.

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

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

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FOREX_SGDAED
Open High Low SGDAED Price Change
2.6487124 2.6496228 2.6380513 2.6390092 -0.0097030
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Apr 22nd, 2022 at 2.6842068

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2022 at 2.6419399

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 2.6632711

Smart Scan Analysis for SGDAED

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

-100
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6487124 2.6496228 2.6380513 2.6390092 -0.0097030
Prev. Close Volume Bid Ask Time
2.6487124 2022-08-19 17:20:34
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