Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Singapore Dollar/Euro (FOREX:SGDEUR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SGDEUR
The long term trend has been UP since Sep 11th, 2019 at 0.65940500
The intermediate term trend has been UP since Jan 10th, 2020 at 0.66684469
The short term trend has been UP since Jan 8th, 2020 at 0.66478000
Smart Scan Analysis for SGDEUR
Based on a pre-defined weighted trend formula for chart analysis, SGDEUR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).