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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.

FOREX_SGDINR
Open High Low SGDINR Price Change
62.370462 62.402194 62.156297 62.312269 -0.058193
Entry Signal

MarketClub’s Trade Triangles for SGDINR

long term up The long-term trend has been UP since Nov 28th, 2023 at 62.589709

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 61.151975

short term down 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).

+85
Smart Scan Analysis for SGDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.370462 62.402194 62.156297 62.312269 -0.058193
Prev. Close Volume Bid Ask Time
62.370462 2023-12-08 10:47:09
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