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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

Singapore Dollar/South Korean Won (FOREX:SGDKRW)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_SGDKRW
Open High Low SGDKRW Price Change
804.525 804.730 803.125 803.695 -0.830
Entry Signal

MarketClub’s Trade Triangles for SGDKRW

long term down The long term trend has been DOWN since May 8th, 2018 at 804.110

intermediate term down The intermediate term trend has been DOWN since Apr 3rd, 2018 at 808.455

short term down The short term trend has been DOWN since May 22nd, 2018 at 802.635

Smart Scan Analysis for SGDKRW

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

-100
Smart Scan Analysis for SGDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
804.525 804.730 803.125 803.695 -0.830
Prev. Close Volume Bid Ask Time
804.525 802.740 804.650 2018-05-24 02:03:55
Want to analyze Singapore Dollar/South Korean Won SGDKRW or another symbol? Try our Free Forex Trend Analysis Report.