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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.

Open High Low SGDPLN Price Change
2.763250 2.766580 2.748575 2.749835 -0.013415
Entry Signal

MarketClub’s Trade Triangles for SGDPLN

long term down The long term trend has been DOWN since Sep 20th, 2018 at 2.672745

intermediate term down The intermediate term trend has been DOWN since Dec 10th, 2018 at 2.735935

short term up 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).

Smart Scan Analysis for SGDPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.763250 2.766580 2.748575 2.749835 -0.013415
Prev. Close Volume Bid Ask Time
2.763250 2.747330 2.752340 2018-12-12 18:46:25
Want to analyze Singapore Dollar/Polish New Zloty SGDPLN or another symbol? Try our Free Forex Trend Analysis Report.