Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Sidelines Mode (-55) - SGDAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for SGDAED
The long-term trend has been DOWN since Mar 5th, 2021 at 2.7381731
The intermediate-term trend has been UP since Oct 18th, 2021 at 2.7257513
The short-term trend has been DOWN since Oct 22nd, 2021 at 2.7256242
Smart Scan Analysis for SGDAED
Based on our trend formula, SGDAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).