Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Long-Term Downtrend (-90) - USDSGD is in a strong downtrend that is likely to continue. While USDSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSGD
The long-term trend has been DOWN since Nov 22nd, 2023 at 1.331295
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 1.350000
The short-term trend has been DOWN since Nov 15th, 2023 at 1.346800
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).