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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

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.

Open High Low SGDJPY Price Change
81.5045 81.8470 81.2620 81.5760 +0.0715
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term down The long term trend has been DOWN since Feb 5th, 2018 at 82.3840

intermediate term up The intermediate term trend has been UP since May 17th, 2018 at 82.6470

short term down The short term trend has been DOWN since May 22nd, 2018 at 82.3803

Smart Scan Analysis for SGDJPY

Based on a pre-defined weighted trend formula for chart analysis, SGDJPY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.5045 81.8470 81.2620 81.5760 +0.0715
Prev. Close Volume Bid Ask Time
81.5045 81.5700 81.5820 2018-05-24 21:32:12
Want to analyze Singapore Dollar/Japanese Yen SGDJPY or another symbol? Try our Free Forex Trend Analysis Report.