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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

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
1.0090226 1.0132286 1.0090226 1.0090226 0.0000000
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 up The intermediate-term trend has been UP since Jun 5th, 2024 at 1.0171174

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 1.0161896

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
1.0090226 1.0132286 1.0090226 1.0090226 0.0000000
Prev. Close Volume Bid Ask Time
1.0090226 2024-06-15 23:05:47
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