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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Singapore Dollar/Polish New Zloty (FOREX:SGDPLN)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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_SGDPLN
Open High Low SGDPLN Price Change
2.835575 2.839235 2.829075 2.829485 -0.006090
Entry Signal

MarketClub’s Trade Triangles for SGDPLN

long term up The long term trend has been UP since Aug 1st, 2019 at 2.823340

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2020 at 2.812240

short term up The short term trend has been UP since Jan 17th, 2020 at 2.831415

Smart Scan Analysis for SGDPLN

Based on a pre-defined weighted trend formula for chart analysis, SGDPLN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for SGDPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.835575 2.839235 2.829075 2.829485 -0.006090
Prev. Close Volume Bid Ask Time
2.835575 2.828720 2.830250 2020-01-21 08:54:12
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