Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 CADSGD
The long term trend has been UP since Aug 29th, 2018 at 1.05635
The intermediate term trend has been UP since Sep 12th, 2018 at 1.05800
The short term trend has been DOWN since Sep 23rd, 2018 at 1.05500
Smart Scan Analysis for CADSGD
Based on a pre-defined weighted trend formula for chart analysis, CADSGD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).