Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDSGD
The long term trend has been DOWN since Dec 31st, 2018 at 1.361770
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 1.373075
The short term trend has been UP since Jan 14th, 2019 at 1.354100
Smart Scan Analysis for USDSGD
Based on a pre-defined weighted trend formula for chart analysis, USDSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).