Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Singapore Dollar/Japanese Yen (FOREX:SGDJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SGDJPY
The long term trend has been UP since Jun 29th, 2017 at 81.4435
The intermediate term trend has been UP since Dec 3rd, 2017 at 83.7450
The short term trend has been DOWN since Dec 13th, 2017 at 83.8225
Smart Scan Analysis for SGDJPY
Based on a pre-defined weighted trend formula for chart analysis, SGDJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).