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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Sidelines Mode (+55) - USDSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDSGD
The long-term trend has been UP since Apr 1st, 2024 at 1.355660
The intermediate-term trend has been UP since Apr 10th, 2024 at 1.357315
The short-term trend has been DOWN since May 2nd, 2024 at 1.358365
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.352935 | 1.354040 | 1.345280 | 1.349100 | -0.003835 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.352935 | 2024-05-03 17:51:34 |