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.
MarketClub’s Trade Triangles for USDSGD
The long-term trend has been UP since Mar 5th, 2021 at 1.341820
The intermediate-term trend has been DOWN since Apr 14th, 2021 at 1.337165
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).