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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.

FOREX_SGDGBP
Open High Low SGDGBP Price Change
0.55722 0.55846 0.55590 0.55622 -0.00100
Entry Signal

MarketClub’s Trade Triangles for SGDGBP

long term down The long-term trend has been DOWN since Jul 30th, 2020 at 0.55925

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.56751

short term up 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).

-85
Smart Scan Analysis for SGDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55722 0.55846 0.55590 0.55622 -0.00100
Prev. Close Volume Bid Ask Time
0.55722 0.55616 0.55628 2020-08-05 08:47:26
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