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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.34021 1.34040 1.33997 1.34019 -0.00002
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term down The long-term trend has been DOWN since Nov 22nd, 2023 at 1.331295

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 1.339385

short term up The short-term trend has been UP since Mar 13th, 2024 at 1.333880

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).

-55
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.34021 1.34040 1.33997 1.34019 -0.00002
Prev. Close Volume Bid Ask Time
1.34021 2024-03-19 00:09:58
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