Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Singapore Dollar/Euro (FOREX:SGDEUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 Nov 1st, 2017 at 0.632005
The intermediate term trend has been UP since Oct 27th, 2017 at 0.628755
The short term trend has been DOWN since Nov 10th, 2017 at 0.631250
Smart Scan Analysis for SGDEUR
Based on a pre-defined weighted trend formula for chart analysis, SGDEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).