Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Singapore Dollar/Czech Koruna (FOREX:SGDCZK)
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 SGDCZK
The long term trend has been DOWN since Jan 6th, 2020 at 16.7600
The intermediate term trend has been DOWN since Dec 30th, 2019 at 16.8065
The short term trend has been UP since Jan 22nd, 2020 at 16.8455
Smart Scan Analysis for SGDCZK
Based on a pre-defined weighted trend formula for chart analysis, SGDCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).