Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 0.55488
The intermediate term trend has been DOWN since Mar 19th, 2018 at 0.54048
The short term trend has been DOWN since Mar 13th, 2018 at 0.54728
Smart Scan Analysis for SGDGBP
Based on a pre-defined weighted trend formula for chart analysis, SGDGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).