Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Singapore Dollar/British Pound (FOREX:SGDGBP)
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 SGDGBP
The long term trend has been DOWN since Sep 14th, 2017 at 0.554880
The intermediate term trend has been DOWN since Nov 28th, 2017 at 0.555605
The short term trend has been UP since Dec 12th, 2017 at 0.554975
Smart Scan Analysis for SGDGBP
Based on a pre-defined weighted trend formula for chart analysis, SGDGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).