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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2024.

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

Weak Downtrend (-65) - SGDAED is showing signs of a strengthening downtrend. Monitor SGDAED as it may be building momentum to the downside.

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
2.7390294 2.7422164 2.7340283 2.7422164 +0.0031870
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Nov 12th, 2024 at 2.7447542

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2024 at 2.8128321

short term up The short-term trend has been UP since Dec 5th, 2024 at 2.7359751

Smart Scan Analysis for SGDAED

Based on our trend formula, SGDAED is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7390294 2.7422164 2.7340283 2.7422164 +0.0031870
Prev. Close Volume Bid Ask Time
2.7390294 2024-12-07 04:22:57
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