Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Singapore Dollar/Argentine Peso (FOREX:SGDARS)
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 SGDARS
The long term trend has been UP since May 18th, 2017 at 11.265
The intermediate term trend has been DOWN since May 29th, 2019 at 32.323
The short term trend has been UP since Jul 15th, 2019 at 30.891
Smart Scan Analysis for SGDARS
Based on a pre-defined weighted trend formula for chart analysis, SGDARS scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).