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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Singapore Dollar/Euro (FOREX:SGDEUR)

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

Is it time to buy, sell, or avoid SGDEUR?

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

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

FOREX_SGDEUR
Open High Low SGDEUR Price Change
0.62071500 0.62115675 0.62046302 0.62056683 -0.00014800
Entry Signal

MarketClub’s Trade Triangles for SGDEUR

long term up The long-term trend has been UP since Mar 1st, 2021 at 0.62574323

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2021 at 0.62457842

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.62421988

Smart Scan Analysis for SGDEUR

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

-70
Smart Scan Analysis for SGDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.62071500 0.62115675 0.62046302 0.62056683 -0.00014800
Prev. Close Volume Bid Ask Time
0.62071500 2021-05-12 04:02:18
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