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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
Long-Term Uptrend (+90) - SGDIDR is in a strong uptrend that is likely to continue. While SGDIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for SGDIDR
The long-term trend has been UP since Aug 2nd, 2023 at 11372.946
The intermediate-term trend has been UP since Mar 3rd, 2024 at 11710.985
The short-term trend has been UP since Apr 26th, 2024 at 11938.318
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11910.735 | 11914.115 | 11905.586 | 11907.567 | -3.168 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11910.735 | 2024-05-01 02:11:10 |