Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Australian Dollar/Singapore Dollar (FOREX:AUDSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 AUDSGD
The long term trend has been DOWN since Oct 26th, 2017 at 1.04536
The intermediate term trend has been DOWN since Aug 10th, 2018 at 1.00455
The short term trend has been UP since Oct 8th, 2018 at 0.98020
Smart Scan Analysis for AUDSGD
Based on a pre-defined weighted trend formula for chart analysis, AUDSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).