Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Singapore Dollar/South Korean Won (FOREX:SGDKRW)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SGDKRW
The long term trend has been UP since Jul 10th, 2018 at 823.850
The intermediate term trend has been DOWN since Jul 31st, 2018 at 818.265
The short term trend has been DOWN since Aug 14th, 2018 at 822.175
Smart Scan Analysis for SGDKRW
Based on a pre-defined weighted trend formula for chart analysis, SGDKRW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).