Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Singapore Dollar/Swiss Franc (FOREX:SGDCHF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SGDCHF
The long term trend has been UP since Aug 4th, 2017 at 0.71682
The intermediate term trend has been UP since Sep 12th, 2017 at 0.71189
The short term trend has been DOWN since Nov 9th, 2017 at 0.73115
Smart Scan Analysis for SGDCHF
Based on a pre-defined weighted trend formula for chart analysis, SGDCHF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).