Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Singapore Dollar/Argentine Peso (FOREX:SGDARS)
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 SGDARS
The long term trend has been UP since May 18th, 2017 at 11.265
The intermediate term trend has been UP since Nov 23rd, 2018 at 26.788
The short term trend has been DOWN since Dec 14th, 2018 at 27.303
Smart Scan Analysis for SGDARS
Based on a pre-defined weighted trend formula for chart analysis, SGDARS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).