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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Long-Term Uptrend (+90) - SGDCAD is in a strong uptrend that is likely to continue. While SGDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for SGDCAD
The long-term trend has been UP since Oct 25th, 2023 at 1.006310
The intermediate-term trend has been UP since Jul 12th, 2024 at 1.016945
The short-term trend has been UP since Jul 22nd, 2024 at 1.022255
Smart Scan Analysis for SGDCAD
Based on our trend formula, SGDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0287550 | 1.0314550 | 1.0275350 | 1.0291841 | +0.0004290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0287550 | 2024-07-26 20:32:34 |