Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
British Pound/Singapore Dollar (FOREX:GBPSGD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 GBPSGD
The long term trend has been UP since Sep 20th, 2018 at 1.810650
The intermediate term trend has been UP since Aug 29th, 2018 at 1.778875
The short term trend has been DOWN since Oct 14th, 2018 at 1.812190
Smart Scan Analysis for GBPSGD
Based on a pre-defined weighted trend formula for chart analysis, GBPSGD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).