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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_SGDAED
Open High Low SGDAED Price Change
2.66675 2.66800 2.66345 2.66665 -0.00010
Entry Signal

MarketClub’s Trade Triangles for SGDAED

long term down The long term trend has been DOWN since May 3rd, 2019 at 2.69295

intermediate term down The intermediate term trend has been DOWN since Apr 23rd, 2019 at 2.70580

short term down The short term trend has been DOWN since May 3rd, 2019 at 2.69475

Smart Scan Analysis for SGDAED

Based on a pre-defined weighted trend formula for chart analysis, SGDAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.66675 2.66800 2.66345 2.66665 -0.00010
Prev. Close Volume Bid Ask Time
2.66675 2.66500 2.66830 2019-05-21 14:30:32
Want to analyze Singapore Dollar/United Arab Emirates Dirham SGDAED or another symbol? Try our Free Forex Trend Analysis Report.