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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)

Weak Downtrend (-65) - SGDCAD is showing signs of a strengthening downtrend. Monitor SGDCAD as it may be building momentum to the downside.

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
1.0032940 1.0051167 1.0030936 1.0038192 +0.0005250
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term up The long-term trend has been UP since Oct 25th, 2023 at 1.0063100

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.0060802

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 1.0100110

Smart Scan Analysis for SGDCAD

Based on our trend formula, SGDCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0032940 1.0051167 1.0030936 1.0038192 +0.0005250
Prev. Close Volume Bid Ask Time
1.0032940 2024-03-29 08:13:25
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