Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Euro/Singapore Dollar (FOREX:EURSGD)
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 EURSGD
The long term trend has been UP since Jan 12th, 2018 at 1.61065
The intermediate term trend has been DOWN since Feb 25th, 2018 at 1.62203
The short term trend has been DOWN since Mar 20th, 2018 at 1.61615
Smart Scan Analysis for EURSGD
Based on a pre-defined weighted trend formula for chart analysis, EURSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).