Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Czech Koruna/Singapore Dollar (FOREX:CZKSGD)
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 CZKSGD
The long term trend has been UP since Apr 25th, 2017 at 0.056780
The intermediate term trend has been DOWN since Dec 5th, 2017 at 0.062015
The short term trend has been DOWN since Dec 12th, 2017 at 0.062070
Smart Scan Analysis for CZKSGD
Based on a pre-defined weighted trend formula for chart analysis, CZKSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).