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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.

FOREX_USDSGD
Open High Low USDSGD Price Change
1.327625 1.328585 1.325500 1.326585 -0.001040
Entry Signal

MarketClub’s Trade Triangles for USDSGD

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 1.366750

intermediate term up The intermediate-term trend has been UP since Feb 5th, 2023 at 1.325700

short term up 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).

+60
Smart Scan Analysis for USDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.327625 1.328585 1.325500 1.326585 -0.001040
Prev. Close Volume Bid Ask Time
1.327625 2023-02-07 12:14:00
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