Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
Bear Market Rally (-75) - SGDINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDINR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SGDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDINR
The long-term trend has been DOWN since Feb 2nd, 2020 at 52.021630
The intermediate-term trend has been DOWN since Jan 28th, 2020 at 52.489167
The short-term trend has been UP since Feb 21st, 2020 at 51.472189
Smart Scan Analysis for SGDINR
Based on our trend formula, SGDINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).