Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 UP since Apr 3rd, 2017 at 9.7526
The intermediate term trend has been UP since Sep 13th, 2017 at 9.7456
The short term trend has been UP since Oct 18th, 2017 at 9.9182
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).