Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 30th, 2017 at 1.05995
The intermediate term trend has been UP since Jun 29th, 2018 at 1.03540
The short term trend has been DOWN since Jul 17th, 2018 at 1.03455
Smart Scan Analysis for CADSGD
Based on a pre-defined weighted trend formula for chart analysis, CADSGD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).