Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 SGDCAD
The long term trend has been UP since Nov 14th, 2018 at 0.961225
The intermediate term trend has been DOWN since Feb 1st, 2019 at 0.974340
The short term trend has been DOWN since Feb 20th, 2019 at 0.974880
Smart Scan Analysis for SGDCAD
Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).