Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 UP since Aug 28th, 2018 at 3.01045
The intermediate term trend has been UP since Jul 8th, 2018 at 2.97715
The short term trend has been UP since Sep 18th, 2018 at 3.02430
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).