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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.
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 DOWN since Apr 22nd, 2022 at 2.6842068
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 2.6419399
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).
| 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 |