Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SGDCAD
The long term trend has been UP since Nov 14th, 2018 at 0.961225
The intermediate term trend has been UP since Mar 3rd, 2019 at 0.982055
The short term trend has been UP since Mar 21st, 2019 at 0.988705
Smart Scan Analysis for SGDCAD
Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).