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Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Countertrend Up (+85) - SGDGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for SGDGBP
The long-term trend has been UP since Sep 20th, 2021 at 0.54144799
The intermediate-term trend has been UP since Aug 14th, 2022 at 0.60234500
The short-term trend has been DOWN since Aug 17th, 2022 at 0.59874500
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.600755 | 0.601125 | 0.599975 | 0.600785 | +0.000030 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.600755 | 2022-08-18 02:51:44 |