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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.

FOREX_SGDCAD
Open High Low SGDCAD Price Change
0.952760 0.953140 0.952085 0.952475 -0.000285
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term down The long term trend has been DOWN since Aug 2nd, 2018 at 0.950950

intermediate term down The intermediate term trend has been DOWN since Jun 29th, 2018 at 0.965510

short term up 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).

-85
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.952760 0.953140 0.952085 0.952475 -0.000285
Prev. Close Volume Bid Ask Time
0.952760 0.952310 0.952640 2018-08-20 06:27:35
Want to analyze Singapore Dollar/Canadian Dollar SGDCAD or another symbol? Try our Free Forex Trend Analysis Report.