Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
Countertrend Up (+85) - SGDINR 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 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 UP since Nov 28th, 2023 at 62.589709
The intermediate-term trend has been UP since Nov 3rd, 2023 at 61.151975
The short-term trend has been DOWN since Dec 5th, 2023 at 62.253957
Smart Scan Analysis for SGDINR
Based on our trend formula, SGDINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).