Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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.
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 Oct 4th, 2023 at 1.000725
The short-term trend has been DOWN since Nov 30th, 2023 at 1.015815
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).