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.
MarketClub’s Trade Triangles for SGDUSD
The long-term trend has been UP since Jul 26th, 2020 at 0.7246903
The intermediate-term trend has been UP since Apr 29th, 2020 at 0.7088681
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).