Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Japanese Yen/Singapore Dollar (FOREX:JPYSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 JPYSGD
The long term trend has been DOWN since Jun 29th, 2017 at 0.012275
The intermediate term trend has been DOWN since Dec 4th, 2017 at 0.011941
The short term trend has been UP since Dec 13th, 2017 at 0.011930
Smart Scan Analysis for JPYSGD
Based on a pre-defined weighted trend formula for chart analysis, JPYSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).