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Forex Trend Analysis Report

Prepared for you on Sunday, March 7, 2021.

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

Long-Term Downtrend (-90) - SGDAED is in a strong downtrend that is likely to continue. While SGDAED 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 SGDAED?

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDAED
Open High Low SGDAED Price Change
2.7445454 2.7460040 2.7335212 2.7373884 -0.0071570
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 2.7381731

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2021 at 2.7412682

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 2.7699896

Smart Scan Analysis for SGDAED

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

-90
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7445454 2.7460040 2.7335212 2.7373884 -0.0071570
Prev. Close Volume Bid Ask Time
2.7445454 2021-03-05 17:04:12
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