Forex Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Countertrend Down (-85) - SGDGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SGDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDGBP
The long-term trend has been DOWN since Jul 30th, 2020 at 0.55925
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.56751
The short-term trend has been UP since Aug 4th, 2020 at 0.55813
Smart Scan Analysis for SGDGBP
Based on our trend formula, SGDGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).