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.
MarketClub’s Trade Triangles for SGDCAD
The long term trend has been DOWN since Aug 2nd, 2018 at 0.95095
The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.94534
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).