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.
MarketClub’s Trade Triangles for SGDUSD
The long-term trend has been DOWN since Mar 5th, 2021 at 0.74525
The intermediate-term trend has been UP since Apr 6th, 2021 at 0.74685
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).