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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Singapore Dollar/Australian Dollar (FOREX:SGDAUD)

Crossroads (+60) - SGDAUD 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 SGDAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDAUD
Open High Low SGDAUD Price Change
1.1207950 1.1240326 1.1205858 1.1234150 +0.0026200
Entry Signal

MarketClub’s Trade Triangles for SGDAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 1.1167500

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2024 at 1.1126100

short term up The short-term trend has been UP since Jul 15th, 2024 at 1.1022155

Smart Scan Analysis for SGDAUD

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

+60
Smart Scan Analysis for SGDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1207950 1.1240326 1.1205858 1.1234150 +0.0026200
Prev. Close Volume Bid Ask Time
1.1207950 2024-07-23 16:26:22
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