Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Singapore Dollar/Japanese Yen (FOREX:SGDJPY)
Weak Uptrend (+65) - SGDJPY is showing signs of weakening momentum to the upside. Monitor SGDJPY as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for SGDJPY
The long-term trend has been UP since Jan 6th, 2021 at 78.3680
The intermediate-term trend has been UP since May 2nd, 2021 at 82.3423
The short-term trend has been DOWN since May 17th, 2021 at 81.8570
Smart Scan Analysis for SGDJPY
Based on our trend formula, SGDJPY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).