Forex Trend Analysis Report
Prepared for you on Saturday, August 19, 2017.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.
MarketClub’s Trade Triangles for SGDTWD
The long term trend has been UP since Jun 15th, 2017 at 21.9540
The intermediate term trend has been DOWN since Aug 17th, 2017 at 22.1020
The short term trend has been DOWN since Aug 16th, 2017 at 22.1805
Smart Scan Analysis for SGDTWD
Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).