Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

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

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_SGDAED
Open High Low SGDAED Price Change
2.70860 2.70860 2.70015 2.70035 -0.00825
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 up The intermediate term trend has been UP since Jun 4th, 2019 at 2.69190

short term down The short term trend has been DOWN since Jul 17th, 2019 at 2.70095

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).

-75
Smart Scan Analysis for SGDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.70860 2.70860 2.70015 2.70035 -0.00825
Prev. Close Volume Bid Ask Time
2.70860 2.69870 2.70200 2019-07-19 16:27:55
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