Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Singapore Dollar/Euro (FOREX:SGDEUR)
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 SGDEUR
The long term trend has been DOWN since May 4th, 2017 at 0.654665
The intermediate term trend has been UP since Sep 20th, 2017 at 0.623805
The short term trend has been UP since Sep 20th, 2017 at 0.623740
Smart Scan Analysis for SGDEUR
Based on a pre-defined weighted trend formula for chart analysis, SGDEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).