Forex Trend Analysis Report
Prepared for you on Monday, May 22, 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 Apr 27th, 2017 at 0.555090
The intermediate term trend has been DOWN since Mar 23rd, 2017 at 0.570385
The short term trend has been DOWN since May 18th, 2017 at 0.551535
Smart Scan Analysis for SGDGBP
Based on a pre-defined weighted trend formula for chart analysis, SGDGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).