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Forex Trend Analysis Report

Prepared for you on Thursday, April 22, 2021.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Countertrend Up (+85) - SGDIDR 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 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
10941.982 10988.217 10937.411 10949.879 +7.897
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term up The long-term trend has been UP since Feb 25th, 2021 at 10790.862

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2021 at 10655.339

short term down The short-term trend has been DOWN since Apr 16th, 2021 at 10884.470

Smart Scan Analysis for SGDIDR

Based on our trend formula, SGDIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10941.982 10988.217 10937.411 10949.879 +7.897
Prev. Close Volume Bid Ask Time
10941.982 2021-04-22 08:06:54
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