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.
MarketClub’s Trade Triangles for SGDIDR
The long-term trend has been UP since Mar 1st, 2020 at 10386.506
The intermediate-term trend has been DOWN since Apr 19th, 2020 at 10833.843
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).