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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Long-Term Downtrend (-90) - SGDIDR is in a strong downtrend that is likely to continue. While SGDIDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
9833.944 9863.447 9828.340 9852.777 +18.833
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term down The long-term trend has been DOWN since Jul 12th, 2019 at 10326.300

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2019 at 10275.651

short term down The short-term trend has been DOWN since Feb 18th, 2020 at 9823.009

Smart Scan Analysis for SGDIDR

Based on our trend formula, SGDIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9833.944 9863.447 9828.340 9852.777 +18.833
Prev. Close Volume Bid Ask Time
9833.944 9851.705 9853.848 2020-02-20 03:57:47
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