Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
New Zealand Dollar/Singapore Dollar (FOREX:NZDSGD)
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 NZDSGD
The long term trend has been DOWN since Apr 23rd, 2019 at 0.902040
The intermediate term trend has been DOWN since Jun 13th, 2019 at 0.894905
The short term trend has been UP since Jun 24th, 2019 at 0.895030
Smart Scan Analysis for NZDSGD
Based on a pre-defined weighted trend formula for chart analysis, NZDSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).