Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since May 1st, 2018 at 0.550435
The intermediate term trend has been UP since Apr 27th, 2018 at 0.544215
The short term trend has been DOWN since Jun 14th, 2018 at 0.557540
Smart Scan Analysis for SGDGBP
Based on a pre-defined weighted trend formula for chart analysis, SGDGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).