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Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)

Sidelines Mode (-55) - SGDCAD 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 SGDCAD?

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

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

FOREX_SGDCAD
Open High Low SGDCAD Price Change
0.9366685 0.9369150 0.9313196 0.9317000 -0.0049690
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term down The long-term trend has been DOWN since Oct 27th, 2021 at 0.91406

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2021 at 0.92290

short term down The short-term trend has been DOWN since Dec 3rd, 2021 at 0.93090

Smart Scan Analysis for SGDCAD

Based on our trend formula, SGDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9366685 0.9369150 0.9313196 0.9317000 -0.0049690
Prev. Close Volume Bid Ask Time
0.9366685 2021-12-06 16:44:40
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