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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.

FOREX_SGDCAD
Open High Low SGDCAD Price Change
0.97729 0.97789 0.97643 0.97672 -0.00057
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term up The long term trend has been UP since Nov 14th, 2018 at 0.961225

intermediate term down The intermediate term trend has been DOWN since Feb 1st, 2019 at 0.974340

short term down 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).

-50
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.97729 0.97789 0.97643 0.97672 -0.00057
Prev. Close Volume Bid Ask Time
0.97729 0.97655 0.97689 2019-02-22 07:43:09
Want to analyze Singapore Dollar/Canadian Dollar SGDCAD or another symbol? Try our Free Forex Trend Analysis Report.