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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Long-Term Uptrend (+90) - SGDAED is in a strong uptrend that is likely to continue. While SGDAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for SGDAED
The long-term trend has been UP since Jul 31st, 2024 at 2.7473554
The intermediate-term trend has been UP since Jul 8th, 2024 at 2.7234596
The short-term trend has been UP since Sep 5th, 2024 at 2.8179146
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.8476095 | 2.8476095 | 2.8408783 | 2.8462953 | -0.0013140 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.8476095 | 2024-09-20 15:54:31 |