Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Singapore Dollar/Euro (FOREX:SGDEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SGDEUR
The long term trend has been UP since May 1st, 2018 at 0.625410
The intermediate term trend has been DOWN since Jun 22nd, 2018 at 0.633350
The short term trend has been DOWN since Jun 14th, 2018 at 0.634115
Smart Scan Analysis for SGDEUR
Based on a pre-defined weighted trend formula for chart analysis, SGDEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).