Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2017.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 USDSGD
The long term trend has been DOWN since Mar 20th, 2017 at 1.39740
The intermediate term trend has been DOWN since Aug 28th, 2017 at 1.35508
The short term trend has been UP since Sep 21st, 2017 at 1.35290
Smart Scan Analysis for USDSGD
Based on a pre-defined weighted trend formula for chart analysis, USDSGD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).