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Forex Trend Analysis Report

Prepared for you on Sunday, June 13, 2021.

Singapore Dollar/US Dollar (FOREX:SGDUSD)

Sidelines Mode (+50) - SGDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SGDUSD can gain momentum.

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
0.7563725 0.7567160 0.7535000 0.7543077 -0.0020650
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.74525

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2021 at 0.74685

short term up The short-term trend has been UP since Jun 11th, 2021 at 0.75650

Smart Scan Analysis for SGDUSD

Based on our trend formula, SGDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7563725 0.7567160 0.7535000 0.7543077 -0.0020650
Prev. Close Volume Bid Ask Time
0.7563725 2021-06-11 17:06:34
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