Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Singapore Dollar/United Arab Emirates Dirham (FOREX:SGDAED)
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 SGDAED
The long term trend has been UP since Nov 1st, 2019 at 2.7036793
The intermediate term trend has been UP since Dec 8th, 2019 at 2.7022498
The short term trend has been DOWN since Jan 21st, 2020 at 2.7244294
Smart Scan Analysis for SGDAED
Based on a pre-defined weighted trend formula for chart analysis, SGDAED scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).