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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

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.

FOREX_SGDAED
Open High Low SGDAED Price Change
2.7202544 2.7236886 2.7196879 2.7198185 -0.0004360
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 2.7162805

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 2.7271383

short term down The short-term trend has been DOWN since May 22nd, 2024 at 2.7233008

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).

-55
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7202544 2.7236886 2.7196879 2.7198185 -0.0004360
Prev. Close Volume Bid Ask Time
2.7202544 2024-05-23 10:20:10
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