Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 Apr 24th, 2018 at 1.062200
The intermediate term trend has been UP since Aug 7th, 2018 at 1.086530
The short term trend has been DOWN since Aug 14th, 2018 at 1.102405
Smart Scan Analysis for SGDNZD
Based on a pre-defined weighted trend formula for chart analysis, SGDNZD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).