Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Canadian Dollar/Singapore Dollar (FOREX:CADSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 CADSGD
The long term trend has been DOWN since Nov 14th, 2018 at 1.04025
The intermediate term trend has been DOWN since Mar 4th, 2019 at 1.01795
The short term trend has been UP since Mar 19th, 2019 at 1.01890
Smart Scan Analysis for CADSGD
Based on a pre-defined weighted trend formula for chart analysis, CADSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).