Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Singapore Dollar/Polish New Zloty (FOREX:SGDPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SGDPLN
The long term trend has been DOWN since Sep 20th, 2018 at 2.672745
The intermediate term trend has been DOWN since Dec 10th, 2018 at 2.735935
The short term trend has been UP since Dec 11th, 2018 at 2.754320
Smart Scan Analysis for SGDPLN
Based on a pre-defined weighted trend formula for chart analysis, SGDPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).