Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Nov 14th, 2018 at 1.04025
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 1.04919
The short term trend has been DOWN since Jan 11th, 2019 at 1.01990
Smart Scan Analysis for CADSGD
Based on a pre-defined weighted trend formula for chart analysis, CADSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).