Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Aug 9th, 2018 at 9.92890
The short term trend has been DOWN since Aug 21st, 2018 at 10.54855
Smart Scan Analysis for SGDZAR
Based on a pre-defined weighted trend formula for chart analysis, SGDZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).