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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Singapore Dollar/Japanese Yen (FOREX:SGDJPY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_SGDJPY
Open High Low SGDJPY Price Change
81.5275 81.6325 81.2955 81.4365 -0.0910
Entry Signal

MarketClub’s Trade Triangles for SGDJPY

long term up The long term trend has been UP since Nov 4th, 2019 at 80.0815

intermediate term up The intermediate term trend has been UP since Jan 9th, 2020 at 81.0490

short term down The short term trend has been DOWN since Jan 20th, 2020 at 81.6775

Smart Scan Analysis for SGDJPY

Based on a pre-defined weighted trend formula for chart analysis, SGDJPY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for SGDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.5275 81.6325 81.2955 81.4365 -0.0910
Prev. Close Volume Bid Ask Time
81.5275 81.4310 81.4420 2020-01-21 21:31:33
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