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.
MarketClub’s Trade Triangles for SGDJPY
The long term trend has been UP since Nov 4th, 2019 at 80.0815
The intermediate term trend has been UP since Jan 9th, 2020 at 81.0490
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).