Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Singapore Dollar/Euro (FOREX:SGDEUR)

Sidelines Mode (+55) - SGDEUR 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 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
0.6839407 0.6844160 0.6837608 0.6841677 +0.0002270
Entry Signal

MarketClub’s Trade Triangles for SGDEUR

long term up The long-term trend has been UP since Apr 16th, 2024 at 0.6928100

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2024 at 0.6840600

short term up The short-term trend has been UP since May 22nd, 2024 at 0.6844112

Smart Scan Analysis for SGDEUR

Based on our trend formula, SGDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6839407 0.6844160 0.6837608 0.6841677 +0.0002270
Prev. Close Volume Bid Ask Time
0.6839407 2024-05-23 01:57:11
Get a free daily analysis and signals for Singapore Dollar/Euro (SGDEUR) - Request Your Free Report.