Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Crossroads (+60) - USDSGD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for USDSGD
The long-term trend has been DOWN since Nov 15th, 2022 at 1.366750
The intermediate-term trend has been UP since Feb 5th, 2023 at 1.325700
The short-term trend has been UP since Feb 3rd, 2023 at 1.318055
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).