Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Feb 21st, 2018 at 1.02885
The intermediate term trend has been DOWN since Apr 10th, 2018 at 1.04112
The short term trend has been UP since Apr 16th, 2018 at 1.03789
Smart Scan Analysis for SGDNZD
Based on a pre-defined weighted trend formula for chart analysis, SGDNZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).