Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Chinese Renminbi Yuan/Singapore Dollar (FOREX:CNYSGD)
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 CNYSGD
The long term trend has been DOWN since Jun 26th, 2018 at 0.206990
The intermediate term trend has been UP since Dec 4th, 2018 at 0.199550
The short term trend has been DOWN since Dec 10th, 2018 at 0.198745
Smart Scan Analysis for CNYSGD
Based on a pre-defined weighted trend formula for chart analysis, CNYSGD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).