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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Crossroads (-60) - SGDMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_SGDMYR
Open High Low SGDMYR Price Change
3.3030683 3.3041128 3.3004063 3.3012063 -0.0018620
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long-term trend has been UP since Nov 4th, 2024 at 3.4177012

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 3.2697858

short term down The short-term trend has been DOWN since Dec 4th, 2024 at 3.3138598

Smart Scan Analysis for SGDMYR

Based on our trend formula, SGDMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3030683 3.3041128 3.3004063 3.3012063 -0.0018620
Prev. Close Volume Bid Ask Time
3.3030683 2024-12-05 03:18:03
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