Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SGDMYR
The long term trend has been DOWN since Mar 28th, 2018 at 2.94515
The intermediate term trend has been UP since Jul 8th, 2018 at 2.97715
The short term trend has been UP since Jul 16th, 2018 at 2.96820
Smart Scan Analysis for SGDMYR
Based on a pre-defined weighted trend formula for chart analysis, SGDMYR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).