Forex Trend Analysis Report
Prepared for you on Friday, May 25, 2018.
Singapore Dollar/Australian Dollar (FOREX:SGDAUD)
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 SGDAUD
The long term trend has been UP since Oct 25th, 2017 at 0.954830
The intermediate term trend has been DOWN since May 20th, 2018 at 0.989235
The short term trend has been DOWN since May 16th, 2018 at 0.991505
Smart Scan Analysis for SGDAUD
Based on a pre-defined weighted trend formula for chart analysis, SGDAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).