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Forex Trend Analysis Report

Prepared for you on Thursday, July 9, 2020.

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

Crossroads (+60) - SGDAED is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
2.6428710 2.6428710 2.6378824 2.6383759 -0.0044950
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 2.6834099

intermediate term up The intermediate-term trend has been UP since Apr 9th, 2020 at 2.5901702

short term up The short-term trend has been UP since Jul 6th, 2020 at 2.6373626

Smart Scan Analysis for SGDAED

Based on our trend formula, SGDAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6428710 2.6428710 2.6378824 2.6383759 -0.0044950
Prev. Close Volume Bid Ask Time
2.6428710 2.6367894 2.6399624 2020-07-09 06:55:24
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