Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Nov 13th, 2018 at 1.04220
Smart Scan Analysis for CADSGD
Based on a pre-defined weighted trend formula for chart analysis, CADSGD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).