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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.

FOREX_SGDGBP
Open High Low SGDGBP Price Change
0.600755 0.601125 0.599975 0.600785 +0.000030
Entry Signal

MarketClub’s Trade Triangles for SGDGBP

long term up The long-term trend has been UP since Sep 20th, 2021 at 0.54144799

intermediate term up The intermediate-term trend has been UP since Aug 14th, 2022 at 0.60234500

short term down 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).

+85
Smart Scan Analysis for SGDGBP
Strong Downtrend Sideways 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
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