Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SGDZAR
The long term trend has been UP since Apr 25th, 2018 at 9.41145
The intermediate term trend has been DOWN since Jan 4th, 2019 at 10.25400
The short term trend has been UP since Jan 21st, 2019 at 10.20500
Smart Scan Analysis for SGDZAR
Based on a pre-defined weighted trend formula for chart analysis, SGDZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).