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.
MarketClub’s Trade Triangles for SGDJPY
The long-term trend has been UP since Jun 4th, 2020 at 78.1510
The intermediate-term trend has been UP since Oct 5th, 2020 at 77.7795
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).