Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 0.950950
The intermediate term trend has been DOWN since Jun 29th, 2018 at 0.965510
The short term trend has been UP since Aug 17th, 2018 at 0.957205
Smart Scan Analysis for SGDCAD
Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).