Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
Singapore Dollar/Danish Krone (FOREX:SGDDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 Jun 22nd, 2018 at 4.54750
The intermediate term trend has been UP since Jul 27th, 2018 at 4.70110
The short term trend has been UP since Aug 9th, 2018 at 4.72195
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).