Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)

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.

FOREX_SGDCAD
Open High Low SGDCAD Price Change
0.942005 0.945845 0.941795 0.945040 +0.003035
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term down The long term trend has been DOWN since Aug 2nd, 2018 at 0.95095

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.94534

short term down The short term trend has been DOWN since Oct 15th, 2018 at 0.94286

Smart Scan Analysis for SGDCAD

Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.942005 0.945845 0.941795 0.945040 +0.003035
Prev. Close Volume Bid Ask Time
0.942005 0.944880 0.945200 2018-10-17 21:15:42
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