Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Singapore Dollar/Argentine Peso (FOREX:SGDARS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SGDARS
The long term trend has been UP since May 18th, 2017 at 11.265
The intermediate term trend has been UP since Feb 7th, 2019 at 27.972
The short term trend has been DOWN since May 21st, 2019 at 32.513
Smart Scan Analysis for SGDARS
Based on a pre-defined weighted trend formula for chart analysis, SGDARS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).