Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
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 SGDCAD
The long term trend has been UP since Nov 14th, 2018 at 0.961225
The intermediate term trend has been UP since Nov 2nd, 2018 at 0.953145
The short term trend has been DOWN since Dec 14th, 2018 at 0.971265
Smart Scan Analysis for SGDCAD
Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).