Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 Nov 25th, 2015 at 0.471975
The intermediate term trend has been DOWN since Mar 23rd, 2017 at 0.570385
The short term trend has been UP since Apr 23rd, 2017 at 0.560840
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).