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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

Singapore Dollar/US Dollar (FOREX:SGDUSD)

Sidelines Mode (+55) - SGDUSD 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 SGDUSD?

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

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

FOREX_SGDUSD
Open High Low SGDUSD Price Change
0.7441400 0.7442692 0.7434393 0.7437157 -0.0004240
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.7452500

intermediate term up The intermediate-term trend has been UP since Dec 22nd, 2021 at 0.7349250

short term down The short-term trend has been DOWN since Jan 24th, 2022 at 0.7418399

Smart Scan Analysis for SGDUSD

Based on our trend formula, SGDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7441400 0.7442692 0.7434393 0.7437157 -0.0004240
Prev. Close Volume Bid Ask Time
0.7441400 2022-01-26 07:09:49
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