Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Japanese Yen/Singapore Dollar (FOREX:JPYSGD)
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 JPYSGD
The long term trend has been DOWN since Sep 27th, 2018 at 0.012071
The intermediate term trend has been DOWN since Nov 4th, 2018 at 0.012133
The short term trend has been DOWN since Dec 11th, 2018 at 0.012116
Smart Scan Analysis for JPYSGD
Based on a pre-defined weighted trend formula for chart analysis, JPYSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).