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.
MarketClub’s Trade Triangles for SGDZAR
The long term trend has been UP since Apr 25th, 2018 at 9.41145
The intermediate term trend has been DOWN since Sep 26th, 2018 at 10.40650
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).