Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Countertrend Down (-85) - SGDAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for SGDAED
The long-term trend has been DOWN since Aug 16th, 2023 at 2.7019755
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 2.7489449
The short-term trend has been UP since Sep 28th, 2023 at 2.6897456
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).