Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Dec 18th, 2017 at 9.44700
The intermediate term trend has been DOWN since Nov 27th, 2017 at 10.24050
The short term trend has been DOWN since Jan 15th, 2018 at 9.29905
Smart Scan Analysis for SGDZAR
Based on a pre-defined weighted trend formula for chart analysis, SGDZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).