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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Countertrend Down (-85) - SGDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for SGDUSD
The long-term trend has been DOWN since Apr 1st, 2024 at 0.7392623
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.7434945
The short-term trend has been UP since Apr 17th, 2024 at 0.7355105
Smart Scan Analysis for SGDUSD
Based on our trend formula, SGDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7349400 | 0.7364692 | 0.7345381 | 0.7347800 | -0.0001600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7349400 | 2024-04-26 07:18:01 |