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.
MarketClub’s Trade Triangles for SGDPLN
The long term trend has been UP since Aug 1st, 2019 at 2.823340
The intermediate term trend has been DOWN since Jan 2nd, 2020 at 2.812240
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).