Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Singapore Dollar/Icelandic Krona (FOREX:SGDISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SGDISK
The long term trend has been UP since May 16th, 2018 at 77.2852
The intermediate term trend has been UP since Jan 14th, 2019 at 89.1480
The short term trend has been DOWN since Jan 17th, 2019 at 88.9945
Smart Scan Analysis for SGDISK
Based on a pre-defined weighted trend formula for chart analysis, SGDISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).