Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Swiss Franc/Singapore Dollar (FOREX:CHFSGD)
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 CHFSGD
The long term trend has been DOWN since Aug 4th, 2017 at 1.39520
The intermediate term trend has been DOWN since Sep 12th, 2017 at 1.40500
The short term trend has been UP since Nov 22nd, 2017 at 1.37355
Smart Scan Analysis for CHFSGD
Based on a pre-defined weighted trend formula for chart analysis, CHFSGD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).