Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
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 11th, 2017 at 3.16015
The intermediate term trend has been UP since Oct 13th, 2017 at 3.12470
The short term trend has been DOWN since Oct 17th, 2017 at 3.11315
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).