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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Crossroads (-60) - SGDIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SGDIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDIDR
Open High Low SGDIDR Price Change
10296.748 10302.653 10289.432 10299.261 +2.513
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term up The long-term trend has been UP since Mar 1st, 2020 at 10386.506

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2020 at 10833.843

short term down The short-term trend has been DOWN since May 25th, 2020 at 10313.398

Smart Scan Analysis for SGDIDR

Based on our trend formula, SGDIDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10296.748 10302.653 10289.432 10299.261 +2.513
Prev. Close Volume Bid Ask Time
10296.748 10298.194 10300.328 2020-06-02 02:09:38
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