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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.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.334950 1.335200 1.334700 1.334905 -0.000045
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term down The long-term trend has been DOWN since Nov 22nd, 2023 at 1.331295

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2023 at 1.350000

short term down 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).

-90
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.334950 1.335200 1.334700 1.334905 -0.000045
Prev. Close Volume Bid Ask Time
1.334950 2023-12-04 00:42:26
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