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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.

FOREX_SGDJPY
Open High Low SGDJPY Price Change
81.9080 81.9334 81.6765 81.7575 -0.1505
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term up The long-term trend has been UP since Jan 6th, 2021 at 78.3680

intermediate term up The intermediate-term trend has been UP since May 2nd, 2021 at 82.3423

short term down 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).

+65
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.9080 81.9334 81.6765 81.7575 -0.1505
Prev. Close Volume Bid Ask Time
81.9080 2021-05-17 11:49:15
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