Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
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 DOWN since Mar 27th, 2018 at 2.95010
The short term trend has been DOWN since Apr 20th, 2018 at 2.96390
Smart Scan Analysis for SGDMYR
Based on a pre-defined weighted trend formula for chart analysis, SGDMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).