Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SGDNZD
The long term trend has been UP since Sep 1st, 2017 at 1.030490
The intermediate term trend has been DOWN since Dec 11th, 2017 at 1.069915
The short term trend has been DOWN since Jan 17th, 2018 at 1.034410
Smart Scan Analysis for SGDNZD
Based on a pre-defined weighted trend formula for chart analysis, SGDNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).