Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SGDCAD
The long term trend has been UP since Oct 30th, 2017 at 0.94346
The intermediate term trend has been UP since Feb 5th, 2018 at 0.94695
The short term trend has been DOWN since Mar 20th, 2018 at 0.99088
Smart Scan Analysis for SGDCAD
Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).