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Forex Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Sidelines Mode (+55) - SGDJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SGDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDJPY
Open High Low SGDJPY Price Change
77.0700 77.2087 77.0578 77.1000 +0.0300
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term up The long-term trend has been UP since Jun 4th, 2020 at 78.1510

intermediate term up The intermediate-term trend has been UP since Oct 5th, 2020 at 77.7795

short term down The short-term trend has been DOWN since Oct 21st, 2020 at 77.5385

Smart Scan Analysis for SGDJPY

Based on our trend formula, SGDJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
77.0700 77.2087 77.0578 77.1000 +0.0300
Prev. Close Volume Bid Ask Time
77.0700 2020-10-23 17:00:02
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