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.
MarketClub’s Trade Triangles for SGDUSD
The long term trend has been UP since Dec 31st, 2018 at 0.73438
The intermediate term trend has been UP since Nov 2nd, 2018 at 0.72840
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).