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Forex Trend Analysis Report

Prepared for you on Monday, August 10, 2020.

Singapore Dollar/US Dollar (FOREX:SGDUSD)

Bull Market Weakness (+75) - SGDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDUSD as it may be in the beginning stages of a reversal.

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
0.7284914 0.7290170 0.7274315 0.7281810 -0.0003100
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term up The long-term trend has been UP since Jul 26th, 2020 at 0.7246903

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2020 at 0.7088681

short term down The short-term trend has been DOWN since Aug 10th, 2020 at 0.7279000

Smart Scan Analysis for SGDUSD

Based on our trend formula, SGDUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7284914 0.7290170 0.7274315 0.7281810 -0.0003100
Prev. Close Volume Bid Ask Time
0.7284914 0.7281571 0.7282048 2020-08-10 12:03:05
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