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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Singapore Dollar/South African Rand (FOREX:SGDZAR)

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.

Open High Low SGDZAR Price Change
10.3250 10.3490 10.1755 10.2175 -0.1075
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 down The intermediate term trend has been DOWN since Sep 26th, 2018 at 10.40650

short term down The short term trend has been DOWN since Nov 14th, 2018 at 10.35800

Smart Scan Analysis for SGDZAR

Based on a pre-defined weighted trend formula for chart analysis, SGDZAR scored -70 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
10.3250 10.3490 10.1755 10.2175 -0.1075
Prev. Close Volume Bid Ask Time
10.3250 10.2130 10.2220 2018-11-16 15:13:32
Want to analyze Singapore Dollar/South African Rand SGDZAR or another symbol? Try our Free Forex Trend Analysis Report.