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Forex Trend Analysis Report

Prepared for you on Wednesday, August 22, 2018.

Singapore Dollar/South African Rand (FOREX:SGDZAR)

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.

Open High Low SGDZAR Price Change
10.53450 10.53950 10.50365 10.53200 -0.00250
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term up The long term trend has been UP since Apr 25th, 2018 at 9.41145

intermediate term up The intermediate term trend has been UP since Aug 9th, 2018 at 9.92890

short term down The short term trend has been DOWN since Aug 21st, 2018 at 10.54855

Smart Scan Analysis for SGDZAR

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

Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.53450 10.53950 10.50365 10.53200 -0.00250
Prev. Close Volume Bid Ask Time
10.53450 10.51900 10.54500 2018-08-22 03:23:03
Want to analyze Singapore Dollar/South African Rand SGDZAR or another symbol? Try our Free Forex Trend Analysis Report.