Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Singapore Dollar/Euro (FOREX:SGDEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SGDEUR
The long term trend has been UP since May 1st, 2018 at 0.625410
The intermediate term trend has been UP since Jul 27th, 2018 at 0.630785
The short term trend has been DOWN since Aug 17th, 2018 at 0.637145
Smart Scan Analysis for SGDEUR
Based on a pre-defined weighted trend formula for chart analysis, SGDEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).