Forex Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
Euro/Singapore Dollar (FOREX:EURSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jun 7th, 2019 at 1.544120
The intermediate term trend has been DOWN since Jun 18th, 2019 at 1.531115
The short term trend has been UP since Jul 18th, 2019 at 1.530500
Smart Scan Analysis for EURSGD
Based on a pre-defined weighted trend formula for chart analysis, EURSGD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).