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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Long-Term Uptrend (+90) - SGDJPY is in a strong uptrend that is likely to continue. While SGDJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
116.8555 117.0665 116.7045 116.9685 +0.1130
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term up The long-term trend has been UP since Feb 27th, 2024 at 112.5635

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 112.8930

short term up The short-term trend has been UP since Jun 7th, 2024 at 116.1617

Smart Scan Analysis for SGDJPY

Based on our trend formula, SGDJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.8555 117.0665 116.7045 116.9685 +0.1130
Prev. Close Volume Bid Ask Time
116.8555 2024-06-19 18:45:31
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