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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.

FOREX_SGDNZD
Open High Low SGDNZD Price Change
1.03927 1.04085 1.03695 1.03794 -0.00133
Entry Signal

MarketClub’s Trade Triangles for SGDNZD

long term up The long term trend has been UP since Sep 1st, 2017 at 1.030490

intermediate term down The intermediate term trend has been DOWN since Dec 11th, 2017 at 1.069915

short term down 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).

-60
Smart Scan Analysis for SGDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.03927 1.04085 1.03695 1.03794 -0.00133
Prev. Close Volume Bid Ask Time
1.03927 1.03768 1.03820 2018-01-22 09:34:45
Want to analyze Singapore Dollar/New Zealand Dollar SGDNZD or another symbol? Try our Free Forex Trend Analysis Report.