Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SGDMYR
The long term trend has been UP since Aug 28th, 2018 at 3.01045
The intermediate term trend has been UP since Oct 26th, 2018 at 3.02830
The short term trend has been DOWN since Dec 14th, 2018 at 3.04110
Smart Scan Analysis for SGDMYR
Based on a pre-defined weighted trend formula for chart analysis, SGDMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).