Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SGDAED
The long term trend has been UP since Dec 31st, 2018 at 2.6966
The intermediate term trend has been DOWN since Feb 11th, 2019 at 2.6979
The short term trend has been UP since Feb 13th, 2019 at 2.7119
Smart Scan Analysis for SGDAED
Based on a pre-defined weighted trend formula for chart analysis, SGDAED scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).