Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 15th, 2018 at 0.741600
The short term trend has been UP since Jul 16th, 2018 at 0.734865
Smart Scan Analysis for SGDUSD
Based on a pre-defined weighted trend formula for chart analysis, SGDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).