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Forex Trend Analysis Report

Prepared for you on Monday, October 23, 2017.

Singapore Dollar/US Dollar (FOREX:SGDUSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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
0.73405 0.73490 0.73346 0.73373 -0.00032
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term up The long term trend has been UP since Mar 20th, 2017 at 0.715615

intermediate term down The intermediate term trend has been DOWN since Sep 27th, 2017 at 0.736100

short term down The short term trend has been DOWN since Oct 17th, 2017 at 0.737420

Smart Scan Analysis for SGDUSD

Based on a pre-defined weighted trend formula for chart analysis, SGDUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.73405 0.73490 0.73346 0.73373 -0.00032
Prev. Close Volume Bid Ask Time
0.73405 0.73346 0.73400 2017-10-23 16:41:05
Want to analyze Singapore Dollar/US Dollar SGDUSD or another symbol? Try our Free Forex Trend Analysis Report.