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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2019.

Singapore Dollar/Australian Dollar (FOREX:SGDAUD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_SGDAUD
Open High Low SGDAUD Price Change
1.078885 1.079245 1.077065 1.077065 -0.001820
Entry Signal

MarketClub’s Trade Triangles for SGDAUD

long term up The long term trend has been UP since Dec 21st, 2018 at 1.029335

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1.069935

short term up The short term trend has been UP since Dec 9th, 2019 at 1.076685

Smart Scan Analysis for SGDAUD

Based on a pre-defined weighted trend formula for chart analysis, SGDAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SGDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.078885 1.079245 1.077065 1.077065 -0.001820
Prev. Close Volume Bid Ask Time
1.078885 1.076930 1.077200 2019-12-11 04:31:12
Want to analyze Singapore Dollar/Australian Dollar SGDAUD or another symbol? Try our Free Forex Trend Analysis Report.