Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 SGDNZD
The long term trend has been UP since Sep 1st, 2017 at 1.030490
The intermediate term trend has been UP since Oct 5th, 2017 at 1.030300
The short term trend has been UP since Oct 18th, 2017 at 1.033705
Smart Scan Analysis for SGDNZD
Based on a pre-defined weighted trend formula for chart analysis, SGDNZD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).