Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Hong Kong Dollar/Singapore Dollar (FOREX:HKDSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 HKDSGD
The long term trend has been DOWN since Nov 1st, 2019 at 0.17328012
The intermediate term trend has been DOWN since Dec 25th, 2019 at 0.17297373
The short term trend has been UP since Jan 20th, 2020 at 0.17355125
Smart Scan Analysis for HKDSGD
Based on a pre-defined weighted trend formula for chart analysis, HKDSGD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).