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Forex Trend Analysis Report

Prepared for you on Sunday, January 20, 2019.

Singapore Dollar/US Dollar (FOREX:SGDUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

FOREX_SGDUSD
Open High Low SGDUSD Price Change
0.736400 0.736595 0.735800 0.736485 +0.000085
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term up The long term trend has been UP since Dec 31st, 2018 at 0.73438

intermediate term up The intermediate term trend has been UP since Nov 2nd, 2018 at 0.72840

short term down The short term trend has been DOWN since Jan 14th, 2019 at 0.73850

Smart Scan Analysis for SGDUSD

Based on a pre-defined weighted trend formula for chart analysis, SGDUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.736400 0.736595 0.735800 0.736485 +0.000085
Prev. Close Volume Bid Ask Time
0.736400 0.736210 0.736760 2019-01-20 22:45:22
Want to analyze Singapore Dollar/US Dollar SGDUSD or another symbol? Try our Free Forex Trend Analysis Report.