Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 CADSGD
The long term trend has been DOWN since Nov 1st, 2019 at 1.0325743
The intermediate term trend has been DOWN since Dec 25th, 2019 at 1.0237861
The short term trend has been UP since Jan 17th, 2020 at 1.0336481
Smart Scan Analysis for CADSGD
Based on a pre-defined weighted trend formula for chart analysis, CADSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).