Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Strong Downtrend (-100) - USDSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for USDSGD
The long-term trend has been DOWN since Jul 26th, 2020 at 1.37990
The intermediate-term trend has been DOWN since Apr 13th, 2020 at 1.41110
The short-term trend has been DOWN since Aug 5th, 2020 at 1.37113
Smart Scan Analysis for USDSGD
Based on our trend formula, USDSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).