Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
Japanese Yen/Singapore Dollar (FOREX:JPYSGD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 JPYSGD
The long term trend has been UP since Apr 4th, 2017 at 0.012670
The intermediate term trend has been UP since Jun 6th, 2017 at 0.012625
The short term trend has been DOWN since Jun 26th, 2017 at 0.012455
Smart Scan Analysis for JPYSGD
Based on a pre-defined weighted trend formula for chart analysis, JPYSGD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).