Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Dec 18th, 2017 at 9.4470
The intermediate term trend has been UP since Apr 9th, 2018 at 9.1825
The short term trend has been UP since Apr 20th, 2018 at 9.2024
Smart Scan Analysis for SGDZAR
Based on a pre-defined weighted trend formula for chart analysis, SGDZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).