Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
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 negative trend to resume. Downtrend 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 DOWN since May 1st, 2018 at 0.749655
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 0.757805
The short term trend has been UP since May 22nd, 2018 at 0.747220
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).