Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
Euro/Singapore Dollar (FOREX:EURSGD)
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 EURSGD
The long term trend has been DOWN since May 1st, 2018 at 1.59895
The intermediate term trend has been DOWN since Feb 25th, 2018 at 1.62203
The short term trend has been DOWN since Jun 14th, 2018 at 1.56850
Smart Scan Analysis for EURSGD
Based on a pre-defined weighted trend formula for chart analysis, EURSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).