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.
MarketClub’s Trade Triangles for SGDAED
The long term trend has been DOWN since May 3rd, 2019 at 2.69295
The intermediate term trend has been DOWN since Apr 23rd, 2019 at 2.70580
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).