Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for SGDCAD
The long term trend has been UP since Nov 1st, 2019 at 0.9683607
The intermediate term trend has been DOWN since Dec 4th, 2019 at 0.9698150
The short term trend has been UP since Jan 7th, 2020 at 0.9637300
Smart Scan Analysis for SGDCAD
Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).