Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Singapore Dollar/Swiss Franc (FOREX:SGDCHF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SGDCHF
The long term trend has been UP since Apr 27th, 2018 at 0.745645
The intermediate term trend has been DOWN since May 21st, 2018 at 0.741315
The short term trend has been DOWN since May 15th, 2018 at 0.747315
Smart Scan Analysis for SGDCHF
Based on a pre-defined weighted trend formula for chart analysis, SGDCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).