Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Singapore Dollar/Danish Krone (FOREX:SGDDKK)
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 SGDDKK
The long term trend has been DOWN since Jan 12th, 2018 at 4.6218
The intermediate term trend has been UP since Feb 25th, 2018 at 4.5906
The short term trend has been UP since Mar 20th, 2018 at 4.6103
Smart Scan Analysis for SGDDKK
Based on a pre-defined weighted trend formula for chart analysis, SGDDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).