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.
MarketClub’s Trade Triangles for SGDAUD
The long term trend has been UP since Dec 21st, 2018 at 1.029335
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1.069935
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).