Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 USDSGD
The long term trend has been UP since May 1st, 2018 at 1.33385
The intermediate term trend has been UP since Jun 15th, 2018 at 1.34845
The short term trend has been DOWN since Aug 17th, 2018 at 1.37218
Smart Scan Analysis for USDSGD
Based on a pre-defined weighted trend formula for chart analysis, USDSGD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).