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.
MarketClub’s Trade Triangles for SGDEUR
The long-term trend has been UP since Mar 1st, 2021 at 0.62574323
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 0.62457842
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).