Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
Euro/Singapore Dollar (FOREX:EURSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURSGD
The long term trend has been DOWN since Sep 11th, 2019 at 1.51661
The intermediate term trend has been DOWN since Nov 5th, 2019 at 1.50750
The short term trend has been UP since Nov 15th, 2019 at 1.50220
Smart Scan Analysis for EURSGD
Based on a pre-defined weighted trend formula for chart analysis, EURSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).