Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
British Pound/Singapore Dollar (FOREX:GBPSGD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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MarketClub’s Trade Triangles for GBPSGD
The long term trend has been DOWN since May 31st, 2019 at 1.735355
The intermediate term trend has been DOWN since May 16th, 2019 at 1.754390
The short term trend has been DOWN since Jul 15th, 2019 at 1.696400
Smart Scan Analysis for GBPSGD
Based on a pre-defined weighted trend formula for chart analysis, GBPSGD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.687295 | 1.694400 | 1.685900 | 1.691845 | +0.004550 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.687295 | 1.691630 | 1.692060 | 2019-07-17 20:28:46 |