Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
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 SGDAED
The long term trend has been DOWN since May 2nd, 2018 at 2.7567
The intermediate term trend has been UP since Nov 2nd, 2018 at 2.6744
The short term trend has been DOWN since Dec 5th, 2018 at 2.6858
Smart Scan Analysis for SGDAED
Based on a pre-defined weighted trend formula for chart analysis, SGDAED scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).