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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Singapore Dollar/Australian Dollar (FOREX:SGDAUD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_SGDAUD
Open High Low SGDAUD Price Change
1.069945 1.070305 1.068735 1.069335 -0.000610
Entry Signal

MarketClub’s Trade Triangles for SGDAUD

long term up The long term trend has been UP since Jan 21st, 2020 at 1.083505

intermediate term down The intermediate term trend has been DOWN since Feb 4th, 2020 at 1.073895

short term down The short term trend has been DOWN since Feb 3rd, 2020 at 1.088625

Smart Scan Analysis for SGDAUD

Based on a pre-defined weighted trend formula for chart analysis, SGDAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SGDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.069945 1.070305 1.068735 1.069335 -0.000610
Prev. Close Volume Bid Ask Time
1.069945 1.069200 1.069470 2020-02-17 01:22:36
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