Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 SGDGBP
The long term trend has been DOWN since Oct 11th, 2019 at 0.577810
The intermediate term trend has been DOWN since Jan 30th, 2020 at 0.561525
The short term trend has been DOWN since Feb 13th, 2020 at 0.555995
Smart Scan Analysis for SGDGBP
Based on a pre-defined weighted trend formula for chart analysis, SGDGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).