Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SGDUSD
The long term trend has been UP since Mar 20th, 2017 at 0.715615
The intermediate term trend has been UP since Mar 13th, 2018 at 0.763240
The short term trend has been UP since Mar 21st, 2018 at 0.760920
Smart Scan Analysis for SGDUSD
Based on a pre-defined weighted trend formula for chart analysis, SGDUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).