Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
US Dollar/Singapore Dollar (FOREX:USDSGD)
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 USDSGD
The long term trend has been UP since May 1st, 2018 at 1.33385
The intermediate term trend has been UP since Sep 10th, 2018 at 1.38090
The short term trend has been DOWN since Oct 22nd, 2018 at 1.37650
Smart Scan Analysis for USDSGD
Based on a pre-defined weighted trend formula for chart analysis, USDSGD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).