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Forex Trend Analysis Report

Prepared for you on Wednesday, April 21, 2021.

US Dollar/Singapore Dollar (FOREX:USDSGD)

Weak Downtrend (-65) - USDSGD is showing signs of a strengthening downtrend. Monitor USDSGD as it may be building momentum to the downside.

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
1.32947 1.33130 1.32760 1.32814 -0.00133
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term up The long-term trend has been UP since Mar 5th, 2021 at 1.341820

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2021 at 1.337165

short term down The short-term trend has been DOWN since Apr 13th, 2021 at 1.339600

Smart Scan Analysis for USDSGD

Based on our trend formula, USDSGD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.32947 1.33130 1.32760 1.32814 -0.00133
Prev. Close Volume Bid Ask Time
1.32947 2021-04-21 21:38:35
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