Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Japanese Yen/Singapore Dollar (FOREX:JPYSGD)
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 JPYSGD
The long term trend has been UP since May 8th, 2019 at 0.012394
The intermediate term trend has been UP since Apr 25th, 2019 at 0.012224
The short term trend has been DOWN since Jun 18th, 2019 at 0.012610
Smart Scan Analysis for JPYSGD
Based on a pre-defined weighted trend formula for chart analysis, JPYSGD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).