Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Singapore Dollar/Australian Dollar (FOREX:SGDAUD)
Weak Downtrend (-65) - SGDAUD is showing signs of a strengthening downtrend. Monitor SGDAUD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for SGDAUD
The long-term trend has been UP since Jun 17th, 2021 at 0.985080
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 1.010355
The short-term trend has been DOWN since Oct 19th, 2021 at 0.997110
Smart Scan Analysis for SGDAUD
Based on our trend formula, SGDAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).