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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
1.105800 1.108370 1.104215 1.106170 +0.000370
Entry Signal

MarketClub’s Trade Triangles for SGDNZD

long term up The long term trend has been UP since Apr 24th, 2018 at 1.062200

intermediate term down The intermediate term trend has been DOWN since Oct 21st, 2018 at 1.098965

short term up The short term trend has been UP since Oct 23rd, 2018 at 1.106920

Smart Scan Analysis for SGDNZD

Based on a pre-defined weighted trend formula for chart analysis, SGDNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SGDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.105800 1.108370 1.104215 1.106170 +0.000370
Prev. Close Volume Bid Ask Time
1.105800 1.105880 1.106460 2018-10-23 16:03:14
Want to analyze Singapore Dollar/New Zealand Dollar SGDNZD or another symbol? Try our Free Forex Trend Analysis Report.