Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
Chinese Renminbi Yuan/Singapore Dollar (FOREX:CNYSGD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CNYSGD
The long term trend has been DOWN since Jun 26th, 2018 at 0.20699
The intermediate term trend has been UP since Oct 7th, 2018 at 0.20152
The short term trend has been UP since Oct 21st, 2018 at 0.19927
Smart Scan Analysis for CNYSGD
Based on a pre-defined weighted trend formula for chart analysis, CNYSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).